Question: A stock is expected to return 9% in a normal economy, 15% if thr economy booms, and lose 7% if the economy moves into a

A stock is expected to return 9% in a normal economy, 15% if thr economy booms, and lose 7% 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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