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Based on the following information, what is the variance? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .30

Based on the following information, what is the variance? State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .30 9.80% Normal .39 11.30% Boom .31 22.30%

Multiple Choice .02438 .01625 .08000 .12749

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