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State Probability Return Boom. .20 18% Normal. .60 12% Recession. .20 -7% what is the expected return? a) 8% b9.4% c) 18% d) Not enough

State Probability Return

Boom. .20 18%

Normal. .60 12%

Recession. .20 -7%

what is the expected return?

a) 8%

b9.4%

c) 18%

d) Not enough info

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