Question: A project's expected return is 22%, which represents a 33% return in a boom, a 13% return in a normal, and a 4% return in

A project's expected return is 22%, which represents a 33% return

A project's expected return is 22%, which represents a 33% return in a boom, a 13% return in a normal, and a 4% return in a stagnant economy. What is the probability of a boom if these are the only three economic states and the probability of a stagnant economy is 21%? Multiple Choice O 43.56% O 65.34% O 54.45% O 32.67%

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