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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

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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 of Return if State Occurs -10.40% 11.90% 21.40% Multiple Choice 7.63% 11.85%

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