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You are considering investing in a firm that has the following possible outcomes: Economic boom: probability of 25%, return of 25% Economic growth: probability of

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You are considering investing in a firm that has the following possible outcomes: Economic boom: probability of 25%, return of 25% Economic growth: probability of 60%; return of 1596 Economic decline: probability of 15\%6; return of 5% What is the expected rate of return on the investment? 25.0%11.7%15.0%14.5%

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