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You have estimated the following scenarios for a given stock. The possibility of the boom state is 40%. The stock return will be 15% in
You have estimated the following scenarios for a given stock. The possibility of the boom state is 40%. The stock return will be 15% in the boom state. The stock return will be -5% in the recession state.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
