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You have been given this probability distribution for the holding-period return for KMP stock: State of the Economy Boom Normal grovvth Recession Probability .30 .50

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  1. You have been given this probability distribution for the holding-period return for KMP stock:

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State of the Economy Boom Normal grovvth Recession Probability .30 .50 .20 HPR 1800 1200 - 500

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