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4. Data for a stock market and security A is given below, as well as the state of the economy State of Economy Probability Return

4. Data for a stock market and security A is given below, as well as the state of the economy
State of Economy Probability Return on Security A Return on Market
Strong 20% 20% 15%
No change 50% 10% 5%
Weak 30% -15% 2%
Required:
Calculate the return on security A and the market.

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