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zepelin [54]
3 years ago
12

Bernard Companies stock has an expected return of 10.75 percent. The stock is expected to return 13.5 percent in a normal econom

y and 19.6 percent in a boom. The probabilities of a recession, normal economy, and a boom are 5 percent, 80 percent, and 15 percent, respectively. What is the expected return if the economy is in a recession
Business
1 answer:
solmaris [256]3 years ago
5 0
10.75 seen it on the test
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it is not allocatively efficient

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