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Return if this State Occurs Ripken Iron Works faces the following probability distribution: Stock's Expected State of the Economy Probability of State Occurring Boom 0.25

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Return if this State Occurs Ripken Iron Works faces the following probability distribution: Stock's Expected State of the Economy Probability of State Occurring Boom 0.25 Normal 0.50 Recession 0.25 Based on the above information what is the expected return? Write your answer as a percentage. 25% 15% 14

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