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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.21 -0.02 Normal 0.45 0.16 Boom
Consider the following information: |
State of Economy | Probability of State of Economy | Rate of Return if State Occurs | ||
Recession | 0.21 | -0.02 | ||
Normal | 0.45 | 0.16 | ||
Boom | 0.34 | 0.34 | ||
|
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