Question: 21 help please 4 decimals places please A stock is expected to return 10% in a normal economy, 13% if the economy booms, and lose
21 help please
4 decimals places please
A stock is expected to return 10% in a normal economy, 13% if the economy booms, and lose 6% if the economy moves into a recessionary period. Economists predict a 62% chance of a normal economy, a 15% chance of a boom, and a 23% chance of a recession. The expected return on the stock is
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