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You recently purchased a share that is expected to earn 13 percent in a booming economy, 10 percent in a normal economy and lose 6

You recently purchased a share that is expected to earn 13 percent in a booming economy, 10 percent in a normal economy and lose 6 percent in a recessionary economy. There is a 15 percent probability of a boom, a 75 percent chance of a normal economy. What is your expected rate of return on this share?

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