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You are analyzing ABC stock and predicting the probabilities for different economic conditions next years...

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Finance

You are analyzing ABC stock and predicting the probabilities for different economic conditions next years and the corresponding return information as follows.

Economic Condition Probability for Economic Condition ABC stock returns (HPR)
Boom 0.10 0.15
Normal 0.55 0.09
Recession 0.35 -0.03

What is the expected rate of return for this ABC stock investment?

Please round your answer to the fourth decimal. For example, 0.1234.

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