Bruno’s stock should return 14 percent in a boom, 11 percent in a normal economy, and 4 percent in a recession. the probabilities of a boom, normal economy, and recession are 8 percent, 90 percent, and 2 percent, respectively. what is the variance of the returns on this stock?

answer; (cash) is the best out of the above; good luck

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy

answer; buying the bill at a discount from the face value to be received at maturity;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.