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In reviewing retirement portfolios, Kim determined the probability of a client owning stock is 0.60 and the probability of owning a bond is 0.30. The

In reviewing retirement portfolios, Kim determined the probability of a client owning stock is 0.60 and the probability of owning a bond is 0.30. The probability of a customer who owns bonds already owning stock is 0.50. What is the probability a client owns both securities in their retirement portfolio?

Multiple Choice

0.30

0.20

0.39

0.40

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