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A stock has an expected return of 10.59 percent. Based on the following information, what is the stock's return in a boom state of the

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A stock has an expected return of 10.59 percent. Based on the following information, what is the stock's return in a boom state of the economy State of Economy Probability of State Rate of Return if of Economy State Occurs Recession 30 10.4 9 Normal 33 11.9 Boom 37 2 24.79% 27.64% 23.14% 28.84% 26.44%

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