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You have the following expectations regarding the stock market: State of the economy Probability HPR Boom 0.5 26% Normal growth 0.3 12 Recession 0.2 -10
- You have the following expectations regarding the stock market:
State of the economy Probability HPR
Boom 0.5 26%
Normal growth 0.3 12
Recession 0.2 -10
Compute the mean and standard deviation of the HPR on stocks.
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
