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What is the expected rate of return for this firm? State of economy Probability Rate of Return Boom 0.2 30% Normal 0.6 10% Recession 0.2
What is the expected rate of return for this firm?
| State of economy | Probability | Rate of Return |
|---|---|---|
| Boom | 0.2 | 30% |
| Normal | 0.6 | 10% |
| Recession | 0.2 | -5% |
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
