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2.37 Portfolio return: A portfolio's value increases by 20% during a financial boom and by 7% during normal times. It decreases by 12% during a

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2.37 Portfolio return: A portfolio's value increases by 20% during a financial boom and by 7% during normal times. It decreases by 12% 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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