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Following are return expectations on the S&P 500 index for the upcoming year with the corresponding probabilities: Expectation Low Most Likely Probability 25% 45%

Following are return expectations on the S&P 500 index for the upcoming year with the corresponding probabilities: Expectation Low Most Likely Probability 25% 45% 30% Return 3.5% 7% 13.5% High Calculate the 95% confidence interval of returns.

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