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There is a 17.69% probability of an average economy and a 82.31% probability of an above average economy. You invest 34.65% of your money in
There is a 17.69% probability of an average economy and a 82.31% probability of an above average economy. You invest 34.65% of your money in Stock S and 65.35% of your money in Stock T. In an average economy the expected returns for Stock S and Stock T are 8.74% and 8.44% , respectively. In an above average economy the the expected returns for Stock S and T are 31.20% and 31.39% , respectively. What is the expected return for this two stock portfolio? (2.0 points) Please write your answer as percentage (e.g. .1234 should be written as 12.34)
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