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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 .30 34% Normal growth
You have been given this probability distribution for the holding-period return for a stock:
State of the Economy Probability HPR
Boom .30 34%
Normal growth .45 11%
Recession .24 -9%
What is the expected return for the stock?
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