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State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.09 0.45 0.15 0.44 0.22 Required: Calculate

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State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.09 0.45 0.15 0.44 0.22 Required: Calculate the expected return. Multiple Choice 14.67% 15.44% 1.87% 16.06% 16.21%

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