Based on the following information, what is the variance? State of Economy Probability of State of Economy
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Based on the following information, what is the variance?
State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
---|---|---|
Recession | .30 | −9.80% |
Normal | .39 | 11.30% |
Boom | .31 | 22.30% |
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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