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You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? State of

You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? State of Economy Probability of State of Economy Return if State Occurs Boom 17% 25.0% Normal 75% 10.0% Recession 8% -13.0% Multiple Choice 13.49% 10.71% 6.64% 12.21% 9.85%

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