The Stock for L-Corp Expects a 12% Return in a Down

question 24

Multiple Choice

The stock for L-Corp expects a 12% return in a down economy,15% in a normal economy,and 20% in a booming economy.What is the expected return if there is a 20% chance for a down economy and a 65% chance for a normal economy?

• A) 13.05%
• B) 15.00%
• C) 15.15%
• D) 15.55%
• E) 14.25%

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