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Suppose you observe the following situation: table [ [ , Probability of , Rate of Return if , State occurs ] , [ State

Suppose you observe the following situation: \table[[,Probability of,Rate of Return if,State occurs],[State of Economy,State,Stock A,Stock B],[Recession,0.25,-0.07,-0.05],[Normal,0.45,0.14,0.14],[Irrational exuberance,0.30,0.49,0.29]] a. Calculate the expected return on each stock. (Round the final answers to 2 decimal places.)\table[[,Expected Return],[Stock A,

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