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How to solve this on a financial calculator (if applicable): 6. The following are your...

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Finance

How to solve this on a financial calculator (if applicable):

6. The following are your predictions of 3 possible states of the economy and estimated rates of return for NXS Corporation common stock. Given this information, what is the stock's expected return?

Probability Return

Rapid Growth 30% 35% Normal Growth 50% 15% Recession 20% -25%

Correct answer: d) 13.0%

Thanks!

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