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Given the following information, What is the expected return on a portfolio which is invested 40% in Stock X and 60% in Stock Y? State

Given the following information, What is the expected return on a portfolio which is invested 40% in Stock X and 60% in Stock Y?

State of Economy Prob. Stock X Stock Y

Boom 10%25%-17%

Normal 70%10%7%

Recession20%-15%30%

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