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Business, 11.11.2020 18:10 MengXiong1

You recently purchased a stock that is expected to earn 12.6 percent in a booming economy, 8.9 percent in a normal economy and lose 5.2 percent in a recessionary economy. Each economic state is equally likely to occur. What is your expected rate of return on this stock?

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You recently purchased a stock that is expected to earn 12.6 percent in a booming economy, 8.9 perce...
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