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Stock X has a price of $15 today. There are three possible scenarios for what the price could be the next period: -Scenario A: $8

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Stock X has a price of $15 today. There are three possible scenarios for what the price could be the next period: -Scenario A: $8 with probability 35% Scenario : $21 with probability 30% Scenario C: $24 with probability 35% Stock Y has a price of $20 today. There are three possible scenarios for what the price could be the next period: Scenario A: $30 with probability 35% Scenario B: 520 with probability 30% Scenarlo C: 510 with probability 35% You Invest 50% of you money in X and 50% in Y OD 11:50 Calculate the expected return of the portfolio (IMPORTANT NOTE: Expess your final answer as a percentage number (%). For example, If the final answer is 0.1333 write 13.33 as your answer.)

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