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The stock of Blue Water Tours, Inc. is expected to return 22.00 percent in a boom economy, 17.00 percent in a normal economy, and lose
The stock of Blue Water Tours, Inc. is expected to return 22.00 percent in a boom economy, 17.00 percent in a normal economy, and lose 16.00 percent in a recessionary economy. What is the expected rate of return on this stock if there is a 8.00 percent chance the economy booms, and an 84.00 percent chance the economy will be normal? |
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