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Please solve the question, by the statistic method, Do not to be solved by excel formula. No Handwriting Solution. Do not copy from Chegg !!

Please solve the question, by the statistic method, Do not to be solved by excel formula. No Handwriting Solution. Do not copy from Chegg !!

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Returns and Variances [LO1] Consider the following information: Probability of State of Economy State of Economy Boom Bust Rate of Return If State Occurs Stock A Stock B Stock C .08 .17 .24 .11 -.05 -.08 .75 .25 a. What is the expected return on an equally weighted portfolio of these three stocks? b. What is the variance of a portfolio invested 20 percent each in A and B and 60 percent in C

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