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Business, 21.04.2020 19:15 bakoeboo

There are two states of the economy. If the economy is normal, Charleston Freight stock is expected to return 16.5 percent. If the economy falls into a recession, the stock's return is projected at a negative 11.6 percent. The probability of a normal economy is 80 percent while the probability of a recession is 20 percent. What is the variance of the returns on this stock

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There are two states of the economy. If the economy is normal, Charleston Freight stock is expected...
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