Southern wear stock has an expected return of 15.1 percent. the stock is expected to lose 8 percent in a recession and earn 18 percent in a boom. the probabilities of a recession, a normal economy, and a boom are 2 percent, 87 percent, and 11 percent, respectively. what is the expected return on this stock if the economy is normal?
a) 14.79 percent
b) 17.04 percent
c) 15.26 percent
d) 16.43 percent
e) 11.08 percent

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

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One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.