Question: Moving to another question will save this response Question 7 of 27 Question 4 points SA The common stock of Manchester & Moore expected to

 Moving to another question will save this response Question 7 of

Moving to another question will save this response Question 7 of 27 Question 4 points SA The common stock of Manchester & Moore expected to earn 14.2 percent in a recession, 8 percent in normal economy and lose 52 percent in a boomineconomy. The probability of a boom is 15 percent while the probability of a necession is percent. What is the expected rate of return on this stock? (Do oroond intermediate calculations wooter your answer as a percent rounded to decimal places. 9.12.16

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