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Possible Economic Condition China (Steel) Germany (Automobile) Singapore (Financial) Trinidad and Tobago (Oil) P Ri P Ri P Ri P Ri Boom .60 12% .30

Possible

Economic Condition

China (Steel)

Germany (Automobile)

Singapore (Financial)

Trinidad and Tobago

(Oil)

P

Ri

P

Ri

P

Ri

P

Ri

Boom

.60

12%

.30

15%

.50

20%

.50

16%

Recession

.20

7%

.10

7.5%

.30

10%

.20

8%

Normal

.20

9%

.60

10.5%

.20

15%

.30

13%

  1. Calculate the E(Ri) for each economy and discuss the results;

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