Question: Please solve and explain 15-1 Based on the following probability distribution, what is the securitys expected return? State Probability r 1 0.2 -5.0% 2 0.4

Please solve and explain

15-1 Based on the following probability distribution, what is the securitys expected return?

State

Probability

r

1

0.2

-5.0%

2

0.4

10.0

3

0.4

30.0

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