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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession .21 -08 Normal 35 .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 .21 -08 Normal 35 .13 Boom 44 .27 Calculate the expected return. Multiple Choice 15.34%

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