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Suppose you can invest in a fund that contains 4 investments. Investment 1 has a 15% probability of returning 8%. Investment 2 has 25% probability
- Suppose you can invest in a fund that contains 4 investments. Investment 1 has a 15% probability of returning 8%. Investment 2 has 25% probability of returning 11%. Investment 3 has a 10% probability of returning -15%. Investment 4 has a 50% probability of returning 3%. What is the expected return of the fund?
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