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Consider the following information: State of Probability of Rate of Return If State Occurs Economy State of Economy Stock A Stock B Stock C Boom

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Consider the following information: State of Probability of Rate of Return If State Occurs Economy State of Economy Stock A Stock B Stock C Boom 0.70 0.14 0.39 0.21 Bust 0.30 0.12 -0.07 0.02 What is the variance of a portfolio invested 25 percent each in A and C and 50 percent in B? Paragraph - Arial 3 (12pt) T

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