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You loan a friend $5,000. There is a 15% chance your friend will pay you a 3% return, a 40% chance he will pay

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You loan a friend $5,000. There is a 15% chance your friend will pay you a 3% return, a 40% chance he will pay you a 2% return and a 45% chance he will pay you only a 1% return. What is your expected return after one year? O a.) 2.20% b.) 2.05% O c.) 1.80% d.) 1.70%

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