Business

Hubbard

24 June, 04:01

g You own a stock that is expected to earn 21 percent in an improving economy, 16 percent in a normal economy, and lose 5 percent in an economic downturn. There is 20 percent probability of an improved economy, 65 percent chance of a normal economy, and 15 percent chance of a downturn. What is your expected rate of return on this stock

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