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37. What is the expected return? State of Economy Recession Boom Probability 0.29 0.71 Return -0.14 0.24 13.98 11.98 12.98 13.98 10.98

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37. What is the expected return? State of Economy Recession Boom Probability 0.29 0.71 Return -0.14 0.24 13.98 11.98 12.98 13.98 10.98

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