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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. What is the expected return for the stock? O 3% O 10% O 5% O 7%
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