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Estimate the expected return for the following investment. State of Economy R Improve .40 25% Same .50 15% Worsen .10 -20% 19.5% O 15.5% 0

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Estimate the expected return for the following investment. State of Economy R Improve .40 25% Same .50 15% Worsen .10 -20% 19.5% O 15.5% 0 20.0% O 16.5%

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