Question: Question 35 A stock is expected to return in a normal economy, 15% if the economy booms, and lose 8% if the economy moves into

 Question 35 A stock is expected to return in a normal

Question 35 A stock is expected to return in a normal economy, 15% if the economy booms, and lose 8% if the economy moves into a recessionary period. Economists predict a 67 chance of a normal economy, a 23% chance of a boom, and a 10% chance of a recession. The expected return on the stock is

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