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Return on Return on State Probability Stock A Stock B 1 0.10 10% 8% 2 0.20 13% 7% 3 0.20 12% 6% 45 0.30

Return on Return on State Probability Stock A Stock B 1 0.10 10% 8% 2 0.20 13% 7% 3 0.20 12% 6% 45 0.30 14% 9% 0.20 15% 8%

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