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Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .21 -.06 .65 .14

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Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .21 -.06 .65 .14 Calculate the expected return. Multiple Choice 12.04% 2.53% 11.44% 12.52% 12.64% .14 .30

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