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There is a 11.11% probability of an average economy and a 88.89% probability of an above average economy. You invest 22.29% of your money in

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There is a 11.11% probability of an average economy and a 88.89% probability of an above average economy. You invest 22.29% of your money in Stock S and 77.71% of your money in Stock T. In an average economy the expected returns for Stock S and Stock T are 6.47% and 7.57%, respectively. In an above average economy, the expected returns for Stock S and T are 10.71% and 33.19%, respectively. What is the expected return for this two-stock portfolio? Please write your answer as percentage (e.g. .1234 should be written as 12.34): - Expected Return: %

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