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2 MC algo 13-10 Expected Return Based on the following information, what is the expected return? State of Economy Recession Normal Boom Probability of State

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2 MC algo 13-10 Expected Return Based on the following information, what is the expected return? State of Economy Recession Normal Boom Probability of State of Economy 21 24 .55 Rate of Return if State Occurs -11. 30% 12.80% 21.40% 2 points References Multiple Cholce 14.84% 12.47% 7.63% 1 22% 10.05%

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