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Question 15 (5 points) Consider the following information for a stock Probability of Economy State of Rate of Return Economy Rapid growth .20 45% Normal

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Question 15 (5 points) Consider the following information for a stock Probability of Economy State of Rate of Return Economy Rapid growth .20 45% Normal growth .70 20% Recession .10 -35% 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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