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Based on the following stock return information for Johnson & Johnson and Walt Disney, State of Economy Probability of State of Economy .23 .58 .19

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Based on the following stock return information for Johnson & Johnson and Walt Disney, State of Economy Probability of State of Economy .23 .58 .19 Return on Return on Johnson & Walt Disney Johnson Co. -.027 .027 .131 .055 .211 .085 Sick Normal Healthy The correlation between the returns of the two stocks is

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