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you recently purchased a stock thatb is expected to earn 13 percent in a booming economy ,10 percent in a normal economy and 6 percent
you recently purchased a stock thatb is expected to earn 13 percent in a booming economy ,10 percent in a normal economy and 6 percent in a recessionary economy. there is a 12 percent probaility of a boom , 76 percent chance of a normal economy. Whsat is your expected rate of return on this stock?
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