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Assume that an investment is forecasted to produce the following returns: a 20% probability of a $1,200 return; a 50% probability of a $5,600 return;

Assume that an investment is forecasted to produce the following returns: a 20% probability of a $1,200 return; a 50% probability of a $5,600 return; and a 30% probability of a $9,500 return. What is the expected amount of return this investment will produce? Answer A)$7,136 B)$5,890 C)$4,533 D)$6,125

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