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  3. 2. given the following estimates: blue chip (tb) s

2. Given the following estimates: Blue Chip (TB) State Expansion Normal Recession Probability .3 .4...

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2. Given the following estimates: Blue Chip (TB) State Expansion Normal Recession Probability .3 .4 .3 High Growth (rc) 15% 8% -8% 6% 5% -3% Question 5: What is the correlation (not covariance!) between the returns of the two firms

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