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Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below. State Y Probability 25 .60 22% Boom

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Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below. State Y Probability 25 .60 22% Boom 15% Z 13% 8% Normal 15% 9% Recession .15 5% 6% 5% What is the expected return % to two decimals) for a portfolio with an investment of $40,000 in asset X, $35,000 in asset Y, and $25,000 in asset Z

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