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k es State of Economy Boom Good Poor Bust Probability of State of Economy Expected return 15 .60 20 .05 Rate of Return if State
k es State of Economy Boom Good Poor Bust Probability of State of Economy Expected return 15 .60 20 .05 Rate of Return if State Occurs Stock A Stock B Stock C 40 .50 16 10 -.02 -18 -.05 -.25 30 09 -.03 -11 Your portfolio is invested 25 percent each in A and C, and 50 percent in B. Wh expected return of the portfolio
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