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You've estimated the following expected returns for a stock, depending on the strength of the economy: State (s) Recession Normal Expansion Probability Expected return -0.02
You've estimated the following expected returns for a stock, depending on the strength of the economy: State (s) Recession Normal Expansion Probability Expected return -0.02 0.09 0.14 0.1 0.5 0.4
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
