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Based on the following information, what is the variance? State of Economy Recession Normal Boom Probability of State of Economy .27 .42 .31 Rate of

Based on the following information, what is the variance? State of Economy Recession Normal Boom Probability of State of Economy .27 .42 .31 Rate of Return if State Occurs 9.50% 11.00% 22.00% Multiple Choice .01465 07516 .02197 .12102 .02929

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