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You have been given this probability distribution for the holding-period return for a stock: State of the economy Probability HPR Boom .40 22% Normal Growth

You have been given this probability distribution for the holding-period return for a stock:

State of the economy	Probability	HPR
Boom	.40	22%
Normal Growth	.35	11%
Recession	.25	-9%

What is the expected holding-period return for the stock?

input in decimal format, leave 3-4 decimals.

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