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4. Your portfolio consists of 35% stock X, 20% stock Y, and 45% stock Z. The expected returns are 5%, 15%, and 10% respectively. What

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4. Your portfolio consists of 35% stock X, 20% stock Y, and 45% stock Z. The expected returns are 5%, 15%, and 10% respectively. What is the portfolio expected return? 3 points 5. Your portfolio will lose 8% in a recession economy or gain 15% in a boom economy. If the probabilities of each outcome are 30% and 70% respectively, what is your expected return? 3 points

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