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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession -0.06 Normal 0.35 0.16 Boom 0.44

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession -0.06 Normal 0.35 0.16 Boom 0.44 0.21 0.21 Required: Calculate the expected return. Multiple Choice 12.90% U 2.07% O 14.26% O 14.12% 13.58%

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