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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 011 -0.03 Normal 0.65 0.11 Boom

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 011 -0.03 Normal 0.65 0.11 Boom 0.24 0.34 Required: Calculate the expected return. Multiple Choice 14.98% 2.80% 15.73% 14254 15.58% Me

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