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4. Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 21 -06 55

4. Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 21 -06 55 .11 24 32 Calculate the expected return. Multiple Choice 12.97% 0 2479 O 12.47% 11.85% 13.09%

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