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Question
Assume that an investment is forecasted to produce the following returns: a 30% probability of a 12% return; a 50% probability of a 16% return; and a 20% probability of a 19% return. What is the expected percentage return this investment will produce?A) 33.3%
B) 16.1%
C) 9.5%
D) 15.4%
Answer
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