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Tom Johnson recently Bought Robinhood stock and it is expected to earn 11 percent in a booming economy, 5 percent in a normal economy, and
Tom Johnson recently Bought Robinhood stock and it is expected to earn 11 percent in a booming economy, 5 percent in a normal economy, and lose 3 percent in a recessionary economy. There is 15 percent probability of a boom, 72 percent chance of a normal economy, and 13 percent chance of a recession. What is your expected rate of return on this stock
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