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The stock of Uptown Men's Wear is expected to produce the following returns given the various states of the economy. What is the expected return

The stock of Uptown Men's Wear is expected to produce the following returns given the various states of the economy. What is the expected return on this stock? Probabilities: Recession:0.35 Normal:0.4 Boom:0.25 Returns: Recession:-10% Normal:14% Boom:25%

6.40%

16%

8.35%

12.87%

7.05%

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