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Based on the following information, what is the expected return? State of Rate of Return if Probability of State of Economy Economy State Occurs Recession

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Based on the following information, what is the expected return? State of Rate of Return if Probability of State of Economy Economy State Occurs Recession .27 10.70% Normal .30 12.20% Boom .43 21.40% 8.80% 7.63% 9.97% 12.86% 15.75%

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