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What is the expected return on a portfolio that will decline in value by 11% in a recession will increase by 18% in normal times,

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What is the expected return on a portfolio that will decline in value by 11% in a recession will increase by 18% in normal times, and will increase by 21% during boom times? Each scenario has an equal likelihood of occurrence. 12.00% 17433% 8.67% 9.33%

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