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Suppose there is a 47% chance that a portfolio pays $210 and a 53% chance that it pays $10. What is the expected return on
Suppose there is a 47% chance that a portfolio pays $210 and a 53% chance that it pays $10. What is the expected return on the portfolio?
a. $116
b. $106.60
c. $93.40
d. $104
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