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3 20 points Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession -.12 Normal .52 .13
3 20 points Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession -.12 Normal .52 .13 Boom .32 .16 Skipped .21 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) eBook Expected return % References
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