The returns on shares of Valley Transporter are predicted under the following various economic conditions: Recession -0.12
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Question:
The returns on shares of Valley Transporter are predicted under the following various economic conditions:
Recession-0.12
Normal +0.06
Boom +0.25
If each economy state has the same probability of occurring (33.33%), what is the variance of the stock?
Place your answer in decimal form using four decimal places.
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