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Ben would like to invest in gold and is aware that the returns on such an investment can be quite volatile. Use the following table

Ben would like to invest in gold and is aware that the returns on such an investment can be quite volatile. Use the following table of states, probabilities, and returns and determine

Probability Return

Boom 0.1 40% Good 0.2 30% Ok 0.3 15% Level 0.2 2% Slump 0.2 -12%

What is the expected return on Ben

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