You recently purchased a stock that is expected to earn 20 percent in a booming...
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You recently purchased a stock that is expected to earn 20 percent in a booming economy, 10 percont in a normal economy and on 15 percentina recessionary economy. There is a 4 percent probability of a boom and a 70 percent chance of a normal economy Whats your expected rate of rutum on this stock? Multiple Choice 2.44 percent 228 percent -110 percent 390 percent 154 percent
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