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You recently purchased a stock that is expected to earn 30 percent in a booming...

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You recently purchased a stock that is expected to earn 30 percent in a booming economy, 9 percent in a normal economy, and lose 33 percent in a recessionary economy. There is a 5 percent probability of a boom and a 65 percent chance of a normal economy. What is your expected rate of return on this stock? -3.40 percent 0 -2.55 percent O 1.65 percent 2.60 percent 3.50 percent

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