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What is the expected return of a stock based on the information in the following table? Outcome Probability of state Return in state Great 37.0%
What is the expected return of a stock based on the information in the following table?
| Outcome | Probability of state | Return in state |
| Great | 37.0% | 40.00% |
| Good | 18.0% | 30.00% |
| Medium | 30.0% | 56.00% |
| Bad | ? | -40.00%
|
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
