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4) Stock A has the following returns for various states of the economy: State of the Economy Probability 9% Stock A's Return -72% Recession Below

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4) Stock A has the following returns for various states of the economy: State of the Economy Probability 9% Stock A's Return -72% Recession Below Average Average Above Average 16% -15% 51% 16% 14% 35% oom 10% 85% Stock A's expected return is A) 16.5%. B) 9.9% C) 13.8% 1

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