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PROBLEM 10.1(a) Consider the following probability distribution of returns estimated for a proposed project that involves a new ultrasound machine: State of Economy very poor

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PROBLEM 10.1(a) Consider the following probability distribution of returns estimated for a proposed project that involves a new ultrasound machine: State of Economy very poor poor average good very good Probability of Occurrence 0.1 0.2 0.4 0.2 0.1 Rate of Return -10% 0% 10% 20% 30% 10.1(a)What is the expected rate of return on the project

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