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

Based on the following information, what is the expected return? State of Probability of State Rate of Return if Economy of Economy State Occurs Recession .21 - 8.90% Normal 10.40% Boom .31 21.40% .48 Multiple Choice 7.63% 1.63% 9.76% 13.50

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