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Given the following probability distribution, what is the expected return of security J? (Expresss your answer in percentage and round it two decimal places, but

Given the following probability distribution, what is the expected return of security J? (Expresss your answer in percentage and round it two decimal places, but do not include the percent sign, %, i.e., 4.65)

State

Probi

rJ

Bad

0.3

10%

Neutual

0.3

15%

Good

0.4

16%

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