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270252252 kboard american.edu 252Fwebapps%252Fportal%252Fframese Saved Stock X has a price of $15 today. There are three possible scenarios for what the price could be the

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270252252 kboard american.edu 252Fwebapps%252Fportal%252Fframese Saved Stock X has a price of $15 today. There are three possible scenarios for what the price could be the next period: Scenario A: $8 with probability 35% Scenario B: $21 with probability 30% Scenario C: $24 with probability 35% Stock Y has a price of $20 today. There are three possible scenarios for what the price could be the next period: Scenario A: $30 with probability 35% Scenario B: $20 with probability 30% Scenario C. $10 with probability 35% You invest 50% of you money in X and 50% in Y. Calculate the expected return of the portfolio. (IMPORTANT NOTE: Expess your final answer as a percentage number (%). For example, If the final answer is 0.1333 write 13.33 as your answer.) Numeric Response

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