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Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.64 0.36 Stock A 0.23 0.13 Stock B Stock

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Rate of Return if State Occurs State of Economy Boom Bust Probability of State of Economy 0.64 0.36 Stock A 0.23 0.13 Stock B Stock C 0.29 0.13 0.15 -0.05 a. What is the expected return on an equally weighted portfolio of these three stocks

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