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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 .11 --02 55 .15

Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs .11 --02 55 .15 .34 .22 Calculate the expected return Multiple Choice 15.51% 16.13% 14.73% 2.33%

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