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In: Finance

American Standard Corp. (AS) offers the following returns next year. What is the expected rate of...

American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? (round to two decimals. Your answer should be in the form (##.## %) and should include a negative if appropriate)

Scenario

Probability

AS returns

Boom

25%

-9%

Normal economy

50%

-13%

Recession

25%

5%

Solutions

Expert Solution


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