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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 0.21 -0.05 0.45 0.11

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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 0.21 -0.05 0.45 0.11 0.34 0.28 Required: Calculate the expected return. Multiple Choice 0 13.96% 0 12.75% o 14.09% 2.27% 13.42%

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