Based on the following information, calculate the expected return. RATE OF RETURN IF STATE OCCURS -.09 .15

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Based on the following information, calculate the expected return.

RATE OF RETURN IF STATE OCCURS -.09 .15 .34 STATE OF ECONOMY PROBABILITY OF STATE OF ECONOMY Recession Normal Boom .35 .

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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