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2.37 Portfolio return: A portfolio's value increases by 15% during a financial boom and by 5% during normal times. It decreases by 13% during a

2.37 Portfolio return:A portfolio's value increases by 15% during a financial boom and by 5% during normal times. It decreases by 13% during a recession. What is the expected return on this portfolio if each scenario is equally likely?

%(round to the nearest whole percent)

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