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Based on the following information, what is the expected return? Probability of State of Rate of Return if State of Economy Economy State Occurs

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Based on the following information, what is the expected return? Probability of State of Rate of Return if State of Economy Economy State Occurs Recession .24 -9.0% Normal .45 10.0% 1 Boom .31 21.0% O 7.33% 9.24% O 8.85% O 18%

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