The common stock of lester lithographic is expected to earn


The common stock of Lester Lithographic is expected to earn 9 percent in a recession, 7 percent in a normal economy, and lose 2 percent in a booming economy. The probability of a boom is 5 percent while the probability of a recession is 50 percent. What is the expected rate of return on this stock?

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Finance Basics: The common stock of lester lithographic is expected to earn
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