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Q1: State of Economy Probability of state Marketreturn StockX return Boom 0.20 0.24 0.36 Normal 0.55 0.17 0.13 Bust 0.25 0.00 0.28

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State of Economy Probability of state Marketreturn StockX return Boom 0.20 0.24 0.36 Normal 0.55 0.17 0.13 Bust 0.25 0.00 0.28

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