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Consider the following probabilities for a fund: Scenario Probability Expected return given the scenario -20.0% -5.0% 12.0% Severe recession Mild recession Normal Growth Boom economy

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Consider the following probabilities for a fund: Scenario Probability Expected return given the scenario -20.0% -5.0% 12.0% Severe recession Mild recession Normal Growth Boom economy 23.0% 32.0% 33.0% 20.0% 30.0% What is the fund's expected return

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