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You assess that a stock you are investigating has a probability of 0.6 of earning returns of 15%, with the balance of probability of losing
You assess that a stock you are investigating has a probability of 0.6 of earning returns of 15%, with the balance of probability of losing 4%. What is this stocks expected return?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
