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You have the following information: Economy State Probability Stock A Stock B Stock C Good .4 14% 10% 22% Neutral .23 0% 1% 14% Bad

You have the following information:

Economy State Probability Stock A Stock B Stock C Good .4 14% 10% 22% Neutral .23 0% 1% 14% Bad .37 -3% -9% -34%

Calculate the expected return of a portfolio that is equally invested in Stock A, Stock B, and Stock C.

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