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State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.21 -0.09 Normal 0.65 0.14 Boom 0.14 0.26 Calculate the
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
| Recession | 0.21 | -0.09 |
| Normal | 0.65 | 0.14 |
| Boom | 0.14 | 0.26 |
| Calculate the expected return. |
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The House That Bogle Built How John Bogle And Vanguard Reinvented The Mutual Fund Industry
Authors: Lewis Braham
1st Edition
0071749063,0071751157
