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1. Compute the expected retum given these three economic states, their likelihoods, and the potential returns: {Round your answer to 2 decimal places.) Economic State

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Compute the expected retum given these three economic states, their likelihoods, and the potential returns: {Round your answer to 2 decimal places.) Economic State Probabtgr Ream Feet growth [1.31 32 'li: Slow growm {3.43 2i] Receeeion [3.25 33 Expected return |:|.'ll1

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