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You have a portfolio with $ 1 5 , 0 0 0 in Ford and $ 2 0 , 0 0 0 in IBM. Your

You have a portfolio with $15,000 in Ford and $20,000 in IBM. Your crystal ball tells you that there are only three possible outcomes for these stocks in the next year. That information is below. What is your portfolio's expected return over the next year? Probability of "state": 1/31/31/3 Ford: .13-.08.28 IBM: .06.12.18

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