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State of Economy Boom Good Poor Bust Probability of State of Economy 15 .45 .30 .10 Rate of Return If State Occurs Stock A .38

State of Economy Boom Good Poor Bust Probability of State of Economy 15 .45 .30 .10 Rate of Return If State Occurs Stock A .38 .22 -.04 -.16 Stock B .48 .19 -.09 -.34 Stock C .28 .15 -.06 -.11

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