follow with calculation. thanks You recently purchased a stock that is expected to earn 11 percent...

Question

Question

follow with calculation. thanks

Answer 1

Answer #1

ANSWER = 8.97%

Total probability = 1

Probability of recession = Total probability - Probability of boom - Probability of normal

Probability of recession = 1 - 0.17 - 0.75

Probability of recession = 0.08

Answer 2

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