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The stock of Blue Water Tours, Inc. is expected to return 20.50 percent in a boom economy, 15.50 percent in a normal economy, and lose

The stock of Blue Water Tours, Inc. is expected to return 20.50 percent in a boom economy, 15.50 percent in a normal economy, and lose 14.50 percent in a recessionary economy. What is the expected rate of return on this stock if there is a 5.00 percent chance the economy booms, and an 81.00 percent chance the economy will be normal? 12.03 percent 11.30 percent 11.55 percent 10.38 percent

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