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answer blanks Consider the following information: State of Economy Recession Boom Probability of State of Economy 20 .80 Portfolio Return if State Occurs -.13 .19

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Consider the following information: State of Economy Recession Boom Probability of State of Economy 20 .80 Portfolio Return if State Occurs -.13 .19 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.) Answer is complete but not entirely correct. Expected return 14.88 $ %

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