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You have decided to buy a stock that is expected to earn twenty five percent in a booming economy, ten percent in a normal economy

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You have decided to buy a stock that is expected to earn twenty five percent in a booming economy, ten percent in a normal economy and lose twenty-two percent in a recessionary economy. There is a four percent probability of a boom and a fifty percent chance of a normal economy. What is your expected rate of return on this stock

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