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You recently purchased a stock that is expected to earn 15 percent in a booming economy, 10 percent in a normal economy, and lose 3

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You recently purchased a stock that is expected to earn 15 percent in a booming economy, 10 percent in a normal economy, and lose 3 percent in a recessionary economy. There is 18 percent probability of a boom, 62 percent chance of a normal economy, and 20 percent chance of a recession What is your expected rate of return on this stock? Multiple Choice 4.55% 733% 8.33% 4.55% O 7.33% O 8.33% O 8.30% O 4.15%

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