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Consider the following information for a stock Economy Probability of State of Economy Rate of Return .20 35% Rapid growth Normal growth Recession .70 10%

Consider the following information for a stock Economy Probability of State of Economy Rate of Return .20 35% Rapid growth Normal growth Recession .70 10% .10 -15% What is the expected return (in percentage) for this stock? Instruction: Answer should be in percentage and rounded to two decimal places. Do not include the % sign. A/

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