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Stock #1 will have a return of 14% in an economic boom and -4% in a bust. Stock #2 will have a return of 29%

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Stock #1 will have a return of 14% in an economic boom and -4% in a bust. Stock #2 will have a return of 29% in a boom and -19% in a bust. Stock #3 will have a return of -2% in a boom and 11% in a bust. You put 40% of your money in Stock #1, 31% in Stock #2, and the rest in Stock #3. What will be the return on the entire portfolio in a boom? Write you answer out to three decimals; for example, write 12.2% as 122. Answer: Check

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