A stock has an expected return of 10.65 percent. Based on th…

A stock has an expected return of 10.65 percent. Based on the following information, what is the stock’s return in a boom state of the economy? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .28 −10.6% Normal .31 12.1% Boom .41 ?

Esther, the sales manager for Reynoso Products, wants to spo…

Esther, the sales manager for Reynoso Products, wants to sponsor a one-week “Customer Appreciation Sale” during which the firm will sell additional units of a product at the lowest price possible without negatively affecting the firm’s profits. Which one of the following represents the price that should be charged for the additional units during this sale?