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Exhibit 7-1 Outcome Probability Return Recession 20% -35% Expansion 45% 10% Boom 35% 55% Given...

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Finance

Exhibit 7-1

Outcome Probability Return

Recession 20% -35%

Expansion 45% 10%

Boom 35% 55%

Given Exhibit 7-1, and using the probabilistic approach, what is the expected return?

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