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Suppose you have predicted the following returns for stocks X and Y in three possible states of nature. What are the expected returns? State Probability

Suppose you have predicted the following returns for stocks X and Y in three possible states of nature. What are the expected returns?

State	Probability	X	Y
Boom	0.3	0.15	0.25
Normal	0.5	0.10	0.20
Recession	0.2	0.02	0.01

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