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Based on the following information, what is the expected return? State of Economy Recession Normal Boom Probability of State of Economy 27 .30 .43 Rate

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Based on the following information, what is the expected return? State of Economy Recession Normal Boom Probability of State of Economy 27 .30 .43 Rate of Return if State Occurs -10.70% 12.20% 21.40% 0 7.63% ? 15.75% ? 12.86% 0 8.80% 0 9.97%

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