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Business, 30.11.2019 06:31 dillonmichaeld8069

The stock of blue water tours, inc. is expected to return 14.00 percent in a boom economy, 9.00 percent in a normal economy, and lose 8.00 percent in a recessionary economy. what is the expected rate of return on this stock if there is a 10.00 percent chance the economy booms, and an 85.00 percent chance the economy will be normal?

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