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Assume that you expect to hold a $40,000 investment for one year. It is forecasted to have a year end value of $42,000 with a

Assume that you expect to hold a $40,000 investment for one year. It is forecasted to have a year end value of $42,000 with a 30% probability; a year end value of $48,000 with a 45% probability; and a year end value of $60,000 with a 25% probability. What is the expected holding period return for this investment?

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