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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 42 .31

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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 42 .31 Rate of Return if State Occurs -9.50% 11.00% 21.40% Multiple Choice 13.82% 11.25% 763% 8.69% 8.16%

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