Probability of an average economy

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Avery Company stock is expected to return 18.40% in a booming economy; 4.10% in an average economy, and minus 3.10% in a recession. The probability of an economic boom is 14.20%. If the expected rate of return on the Avery Company stock is 5.10%, then what is the probability of an average economy?

Reference no: EM133110881

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