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Using the following information answer the questions. s = share of wealth held in stocks p = 2/3 1-s = share of wealth held in

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Using the following information answer the questions. s = share of wealth held in stocks p = 2/3 1-s = share of wealth held in bonds 35% = high return on stocks p = probability stock has high returns -15% = low return on stocks 1-p probability stock has low returns 5% = return on bonds a. Calculate the average return for a saver that holds their wealth in stocks and bonds. b. Given your answer in part a what will happen the saver's return as they hold more stocks? c. Calculate the difference between high and low returns on wealth for the saver. d. What does this measure? Explain

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