Question: 28 Stock Z: State Good Bad Ugly Probability Return 2% 10 20% 50 30 15 What is the expected return? 5 percent 9.9 percent 6

28 Stock Z: State Good Bad Ugly Probability Return 2% 10 20% 50 30 15 What is the expected return? 5 percent 9.9 percent 6 percent 4.5 percent

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