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Consider the following scenario analysis:- State of Economy Probability Stocks Bonds Recession 0.2 -8% 18% Normal Economy 0.4 16% 9% Boom 0.4 22% 3% Calculate

Consider the following scenario analysis:-

State of Economy Probability Stocks Bonds
Recession 0.2 -8% 18%
Normal Economy 0.4 16% 9%
Boom 0.4 22% 3%

Calculate the Portfolio Expected Return if funds allocation is 60% in stocks and 40% in bonds?

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