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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 -03 45 .15

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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 -03 45 .15 34 33 Calculate the expected return. Multiple Choice 18.21% 3.00% 16.47% 17.34% 18.03%

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