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You are going to make a portfolio consisting of 90 % of Lloyds of London...

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Accounting

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You are going to make a portfolio consisting of 90 % of Lloyds of London Stock and 10 % of Tencent Stock. You also have the following information: State i Probability of State i LofL Return Tencent Return Boom 90 % 22 % 26 % Bust 10 % 8 % 21 % What is the expected return for the portfolio? (Answer as a percentage and Round to 2 decimals)

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