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For company ABC, potential returns for different states of economy is provided with probabilities below. Probability Return State 1 7% -10% State 2 18% 0%

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For company ABC, potential returns for different states of economy is provided with probabilities below. Probability Return State 1 7% -10% State 2 18% 0% State 3 36% 10% State 4 39% 5% 1. Calculate Expected Return. Show your steps. [3 pts] ii. Calculate Variance. Show your steps. [7 pts]

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