(!) Consider an economy that can be either in a boom or in a recession with equal\ probabilities each year. Two investment funds generate the following annual returns\ depending on the state of the economy:\ For a buy-and-hold investor (i.e., an investor who plans to invest in the funds for many\ years), are the two funds equivalent over the long run?\ Hint: think about the performance of the median investor.

(!) Consider an economy that can be either in a boom or in a recession with equal probabilities each year. Two investment funds generate the following annual returns depending on the state of the economy: For a buy-and-hold investor (i.e., an investor who plans to invest in the funds for many years), are the two funds equivalent over the long run? Hint: think about the performance of the median investor