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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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