Candy and More stock is expected to produce the following returns given the various states of the
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Question:
Candy and More stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock?
State of Economy | Probabilty of State of Economy | Rate of Return |
Recession | 0.2 | 0.04 |
Normal | 0.6 | 0.09 |
Boom | 0.35 | 0.12 |
If someone deposits $2,500 today in a savings account that earns a rate of interest of 5% per year, how much money would that person have in their savings account six years from today?
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