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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession .11 -.09 Normal .55 .13 Boom

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession .11 -.09 Normal .55 .13 Boom 34 .25 Calculate the expected return. Multiple Choice 0 15.39% 1.93% O 15.25% 14.66% 0 13.93%

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