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Chapter 11 Questions 1. Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do

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Chapter 11 Questions 1. Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Probability of State of State of isfegttggyggg Economy Economy Recession 0.45 5.00% Normal 0.40 12.00 Boom 0.15 16.00

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