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An asset has an expected return of 13.3 percent. There is a 15% probability of a boom economy. There is a 60% probability of a

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An asset has an expected return of 13.3 percent. There is a 15% probability of a boom economy. There is a 60% probability of a normal economy producing a 15% return. There is a 25% probability of a bust economy producing a negative 2% return. What is the expected return for the boom economy? -5.72 percent 28.28 percent 32.00 percent 5.72 percent 40.00 percent

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