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Consider a portfolio with a starting value of 1,000 and has the following possible ending values: Ending value Probability of event 0.1 100 0.1 500

Consider a portfolio with a starting value of 1,000 and has the following possible ending values: Ending value Probability of event 0.1 100 0.1 500 0.07 300 0.23 950 0.5 1200

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