The return on shares of Fast Transportation Company (FTC) is predicted under the following various...
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Accounting
The return on shares of Fast Transportation Company (FTC) is predicted under the following various economic conditions:
Recession -0.01
Normal +0.05
Boom +0.21
Analysts estimate the probability of recession at .40, the probability of normal conditions at 0.10, and the probability of an economic boom at 0.50. What is the expected return of the stock?
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