Question: Question text Outcome Probability Returns Boom 0.4 15% Normal 0.5 8% Recession 0.1 -1% 1 What is the expected return? Select one: a. 9.90% b.

Question text Outcome Probability Returns Boom 0.4 15% Normal 0.5 8% Recession 0.1 -1% 1 What is the expected return? Select one: a. 9.90% b. 7.00% c. 5.50% d. 18.00%

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