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2. value: 35.00 points P13-6 Calculating Expected Return [LO1 Consider the following information: te of Economy Recession Normal Boom Probability of State of Economy 0.11

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2. value: 35.00 points P13-6 Calculating Expected Return [LO1 Consider the following information: te of Economy Recession Normal Boom Probability of State of Economy 0.11 0.55 0.34 Rate of Return if State Occurs 0.07 0.15 0.23 Required: Calculate the expected return. 0 2.07% 15.30% 14.53% 16.06% 15.91% References eBook& Resources MacBo

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