Question: A security analyst estimated that in a year from now the probability of the economy booming is 2 5 percent, the economy remains normal is

A security analyst estimated that in a year from now the probability of the economy booming is 25 percent, the economy remains normal is 70 percent, and the economy falls into a recession is 5 percent. In addition, the analyst, estimated that Kennesaw Corp. common stock is expected to have a return of 17 percent in a booming economy, 11 percent in a norma economy, and 2 percent in a recession. Based on these estimates, what is the expected return on this stock?
12.05 percent
12.93 percent
13.32 percent
13.68 percent
 A security analyst estimated that in a year from now the

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