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Consider the following information: 5 State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .11 -02 .35

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Consider the following information: 5 State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .11 -02 .35 .14 .54 .27 10 points Calculate the expected return. Multiple Choice 2.60% 20.03% 19.26% 20.22% 18.30%

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