Calculate the expected return: State of Economy ____Probability of State of Economy _____Portfolio Return If State Occurs

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Calculate the expected return:

State of Economy ____Probability of State of Economy _____Portfolio Return If State Occurs

Recession .............................. 20................................................................ -.14

Boom .................................... 80 .................................................................. 17

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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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