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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 30 .33 .37 Rate

Based on the following information, what is the expected return? State of Economy Recession Normal Boom Probability of State of Economy 30 .33 .37 Rate of Return if State Occurs -10.40% 11.90% 21.40% Multiple Choice 7.63% 11.85%

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