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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 -06 .55 12

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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 -06 .55 12 34 23 Calculate the expected return. Multiple Choice O 14,45% 1.93% 13.07%

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