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QUESTION
An electric car stock will pay a 19.0% return if the price of oil rises 15.0% (which happens with probability 40. If the price of oil falls, the...
An electric car stock will pay a 19.0% return if the price of oil rises 15.0% (which happens with probability 40.0%). If the price of oil falls, the stock will fall by 6.0%. There's a 30.0% chance of that happening. Otherwise, the stock price won't change. What's the average return?
