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Consider the following information: Rate of Return if State Occurs Stock B State of Economy Boom Bust Probability of State of Economy .65 .35 Stock

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Consider the following information: Rate of Return if State Occurs Stock B State of Economy Boom Bust Probability of State of Economy .65 .35 Stock A .11 .12 .19 Stock C .37 -.05 .06 a. What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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