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

Based on the following information, what is the expected return?

State of	Probability of State	Rate of Return if
Economy	of Economy	State Occurs
Recession	0.27		10.700%
Normal	0.30		12.200%
Boom	0.43		21.400%

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