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Based on the following information, calculate the expected return. State of Economy Probability of State of economy Recession .4 Boom .6 Rate of retum if

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Based on the following information, calculate the expected return. State of Economy Probability of State of economy Recession .4 Boom .6 Rate of retum if state occurs -13 20 5.05% 7.87% 8.57% 6.80%

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