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5. Use Excel, Calculator, and Formula. Show your work. Based on the data below, estimate the following: E(r)= Probability of Economic State Return in Economic

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5. Use Excel, Calculator, and Formula. Show your work. Based on the data below, estimate the following: E(r)= Probability of Economic State Return in Economic State 2(r)=[ReturninStateiE(r)]2 Probability of State a. Estimate the expected return and risk of Asset A (TESLA) b. Estimate the Expected Return and risk of Asset B (APPLE) c. Estimate the Expected return and risk of a 60A and 40B portfolio d. Summarize your results and determine whether the Portfolio Diversification helped decrease the investment risk. Explain your

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