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2. Following are return expectations on the S&P 500 index for the upcoming year with the corresponding probabilities: Expectation Return Probability Low 3.5% 25% Most
2. Following are return expectations on the S&P 500 index for the upcoming year with the corresponding probabilities: Expectation Return Probability Low 3.5% 25% Most Likely 7% 45% High 13.5% 30% Calculate the 95% confidence interval of returns.
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