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Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.05 0.65 0.14

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Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.05 0.65 0.14 0.24 0.31 Required: Calculate the expected return. Multiple Choice 2.67% 15.19% 15.99% 16.79% 16.63%

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