Question: Bernard Companies stock has an expected return of 10.75 percent. The stock is expected to return 13.5 percent in a normal economy and 19.6 percent

 Bernard Companies stock has an expected return of 10.75 percent. The

Bernard Companies stock has an expected return of 10.75 percent. The stock is expected to return 13.5 percent in a normal economy and 19.6 percent in a boom. The probabilities of a recession, normal economy, and a boom are 5 percent, 80 percent, and 15 percent, respectively. What is the expected return if the economy is in a recession? Seleccione una: a.-36.72 percent b.-42.77 percent C.-68.20 percent d. -59.80 percent e. -63.76 percent

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