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The common stock of CrisisGreat is expected to earn 14 percent in a recession, 7...

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Accounting

The common stock of CrisisGreat is expected to earn 14 percent in a recession, 7 percent in a normal economy, and lose 4 percent in a booming economy. The probability of a boom is 13 percent while the probability of a recession is 5 percent. What is the expected rate of return on this stock? ____ %

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