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There is 9 percent probability of recession, 2 4 percent probability of a poor economy, 4 4 percent probability of a normal economy, and 2
There is percent probability of recession, percent probability of a poor economy, percent probability of a normal economy, and percent probability of a boom. A stock has returns of percent, percent, percent, and percent in these states of the economy, respectively. What is the stock's expected return?
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