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This question is worth zero points. You do not have to solve it. Consider the following information: Rate of Return If State Occurs State of

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This question is worth zero points. You do not have to solve it. Consider the following information: Rate of Return If State Occurs State of Probability of Stock C Stock A Stock B Economy State Boom 75 08 .17 24 Bust - 08 25 11 05 What is the expected return on an equally weighted portfolio of these three stocks? (1/3) 0.08(1/3)*0.17 + (1/3)*0.24. The return for Hint: The return for Boom = bust is similar. Then, the expected value portfolio return is the weighted average portfolio return across Boom and Bust.. Do not round intermediate calculations and do not enter your answer as a percent. Round your answer to 3 decimal places. Do not enter your answer at a percent

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