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Rose Berry is attempting to evaluate her expected return over the coming year. She holds shares in the following two companies, 60% in A and

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Rose Berry is attempting to evaluate her expected return over the coming year. She holds shares in the following two companies, 60% in A and the rest in B. Expected Return State Boom Recession Probability of State 0.45 0.55 Company A 15% 290 Company EB 30% Required a) Calculate the Expected Return for Rose Berry's portfolio in both the Boom and Recession states

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