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16 Consider the following information: 0.88 points State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .11

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16 Consider the following information: 0.88 points State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .11 -.04 45 .13 44 .24 Calculate the expected return. Multiple Choice 16.61% 2.20% (0) 15.17% 15.97% 16.77%

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