What is expected rate of return on the stock

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Question: You recently purchased a stock that is expected to earn. You recently purchased o stock that is expected to earn 14 percent in a booming economy, 9 percent in a normal economy and lose 3 percent recessionary economy. There is a 12 percent probability of a boom, a 76 percent chance of o normal economy. What is your expected rate of return on this stock?

Reference no: EM131797225

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