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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

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 Probability of State Company A Company B Boom 0.45 15% 30% Recession 0.55 2% -10% Required: a) Calculate the Expected Return for Rose Berry's portfolio in both the Boom and Recession state

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