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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 .23 .26 51 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 .23 .26 51 Rate of Return if State Occurs -11.108 12.608 21.40% Multiple Choice O 16.74% 11.64% 7.63% 14.19% 9.64%

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