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A portfolio's value increases by 17% during a nancial boom and by 7% during normal times. It decreases by 13% during a recession. What is

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A portfolio's value increases by 17% during a nancial boom and by 7% during normal times. It decreases by 13% during a recession. What is the expected return (as a percent) on this portfolio if each scenario is equally likely? (Round your answer to two decimal places.) 't Additional Materiais ll] eBook

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