Probability of an average economy

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Avery Company stock is expected to return 17.70% in a booming economy; 6.10% in an average economy, and minus 6.50% in a recession. The probability of an economic boom is 18.50%. If the expected rate of return on the Avery Company stock is 6.40%, then what is the probability of an average economy?

Reference no: EM133111618

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