Compute the mean of the hpr on stocks

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Suppose that you revise your expectations regarding the stock market, summarized as follows.

State of Economy Probability Ending Price ($) HPR (%)

Boom 0.35 140 44

Normal Growth 0.30 110 14

Recession 0.35 80 -16

Compute the mean of the HPR on stocks.

Record your answer as a percentage, rounded to 2 decimal places.

Reference no: EM132589622

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