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stranahan stranahan
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7 years ago
Given the expected returns and probabilities of various states of the world in this table, what is the expected return for Carbide Company?

Carbide Company
State of the Economy   Probability of State   Return on State
Boom   .30   18%
Steady   .55   10%
Recession   .15   -5%

A) -0.75%
B) 10.15%
C) 5.50%
D) 5.40%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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BionicFailureBionicFailure
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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