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You have the following probability distribution of returns for XYZ company. Calculate the expected rate of return given three possible economic conditions. Do not round

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You have the following probability distribution of returns for XYZ company. Calculate the expected rate of return given three possible economic conditions. Do not round your intermediate calculations. Economic Conditions Prob. Return 25% 19% Strong 50% 8.5% Normal 25% Weak -18.0% a. 13.75% b. 4.00% C. 4.50% d. 3.75% e. 18.00%

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