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Scenario Probability Rate of return of Rate of return of stock fund (%) bond fund (%)~ Severe recession~ 0.05~ -35 -8+ Mild recession~ 0.20 -10~

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Scenario Probability Rate of return of Rate of return of stock fund (%)" bond fund (%)~ Severe recession~ 0.05~ -35 -8+ Mild recession~ 0.20 -10~ 13~ Normal growth 0.50~ 15~ Boom 0.25~ 30~ -50

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