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Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .21 .45 .34 Rate of Return if State Occurs -.06

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Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .21 .45 .34 Rate of Return if State Occurs -.06 13 .26 Calculate the expected return. Multiple Choice O O 12.76% O 2.20% O 13.43% O 13.97% O O 14.10%

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