Singh Topic Test

TheBigCheese

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Have i gone crazy or is there an error when trying to calculate the expected return of Japan in the question…
This is the answer given: (0.9 × 0.031) + (0.88 × 0.05) + (0.6 × 0.066) + 0.5 = 0.1165 or 11.7%. It doesn’t even add up in the calculator
 
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