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You purchased stock in RET, Inc for $13.56. You project three possible sale prices, one year from now. Based on these possible outcomes, what

You purchased stock in RET, Inc for $13.56. You project three possible sale prices, one year from now. Based on these possible outcomes, what is your expected return? Economic State Probability of Sales Occurrence Price State 1: Economic boom 17% $20.45 State 2: Economic growth 73% $15.33 State 3: Economic decline 10% $ 9.14

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