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Consider the following table, which gives a security analysts expected returns for two stocks for two particular market returns: Expected Returns Widget Thing-a-ma-bob Market Boom

Consider the following table, which gives a security analysts expected returns for two stocks for two particular market returns: Expected Returns Widget Thing-a-ma-bob Market Boom 5 1 3 Bust 21 8 20 What is Widget's expected return if there is a 25% chance of the market returning 3% and a 75% chance the market returns 20%? Answer in percentages, Round to 2 decimal points. Answer:

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