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As an entrepreneur, you have started a business that you want to eventually take public. You know that the financial markets are very interested in

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As an entrepreneur, you have started a business that you want to eventually take public. You know that the financial markets are very interested in risk and return when it comes to assessing the value of securities such as stock. You estimate the possible equity returns for the next year to be the following with the following probabilities: State of Economy Probability Estimated Return Excellent 5% 16.1% Good 12% 23.46% Okay 50% 14.7% 18% -8.32% Really Sucky! 15% -0.92% What is the expected return for next year? (Please enter the percent return without the % sign at the end since Canvas doesn't like that symbol in numerical answers - for instance 20.45 for 20.45%) Bad N

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