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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 55 13

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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 55 13 .24 28 Calculate the expected return. Multiple Choice 12.61% O 2.33% 11.98% O 13.11% 13.24% O

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