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Consider the following information: Probability of State of Economy Rate of Return if State State of Economy Occurs Recession 0.11 -0.07 Normal 0.35 0.13 oom

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Consider the following information: Probability of State of Economy Rate of Return if State State of Economy Occurs Recession 0.11 -0.07 Normal 0.35 0.13 oom 0.54 0.31 Required: Calculate the expected return 21.55% 20.52% 2.47% 19.49% 21.34%

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