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3 4 points Calculate the expected return on a security with the rate of return in each state as shown above. State of Market Condition

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3 4 points Calculate the expected return on a security with the rate of return in each state as shown above. State of Market Condition Recession Normal Expansion Probability of State 10% 50% 40% Rate of return if State Occurs - 1% 2% 9% 10% 4.5% O 8.5% O 4% 08%

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