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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 -11.10% 12.60% 21.40% o 763% 14.19% O 11.64% 0 9.64% 16.74%

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