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Consider the following information: State of Economy Recession Normal Boom Probability of State Rate of Return if of Economy State Occurs 0.11 -0.09 0.55 0.15

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Consider the following information: State of Economy Recession Normal Boom Probability of State Rate of Return if of Economy State Occurs 0.11 -0.09 0.55 0.15 0.34 0.24 Required: Calculate the expected return. Multiple Choice 16.04% 16.19% 15.42% 14.65% 2.00%

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