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You are given the following information: State of Economy Return on Stock A Return on Stock B Bear .109 .052 Normal .108 .155 Bull .080

You are given the following information: State of Economy Return on Stock A Return on Stock B Bear .109 .052 Normal .108 .155 Bull .080 .240 Assume each state of the economy is equally likely to happen. Calculate the expected return of each of the following stocks.

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