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Given the information in the following table, what is the expected return of the security? Expected Return 12% State of Economy Probability of Occurrence High

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Given the information in the following table, what is the expected return of the security? Expected Return 12% State of Economy Probability of Occurrence High Growth 10% Moderate Growth 20% Stable 40% Recession 30% 8% 3% -2% O a. 12% Ob8% O c. 3% O d. 4.3% O e. 3.4%

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