Question: A project's expected return is 20%, which represents a 32% return in a boom, a 14% return in a normal, and a 5% return m

A project's expected return is 20%, which represents a 32% return

A project's expected return is 20%, which represents a 32% return in a boom, a 14% return in a normal, and a 5% return m a stagnant conomy. What is the probability of a boom if these are the only three economic states and the probability of a la stagnant economy is 18%? Multiple Choice 25 40% 50.80% 33.87% 42.33%

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