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Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 11 -.02 Normal .45 .15 Boom 44 21 8:26 Calculate

Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 11 -.02 Normal .45 .15 Boom 44 21 8:26 Calculate the expected return. Multiple Choice 2.27% 16.56% 15.77% 16.40%

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