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Max Guldenstern, a stock analyst for HiAlpha Securities, is estimating returns for Elsinor Realty. Given the following information, the expected return for Elsinor is closest

Max Guldenstern, a stock analyst for HiAlpha Securities, is estimating returns for Elsinor Realty. Given the following information, the expected return for Elsinor is closest to:

Scenario Probability Elsinor
Boom 25% 11.5%
Neutral 40% 6.25%
Bust 35% -1.5%

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