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Calculate the expected return for the following company based on the forecasts given. Economic condition Probability Return forecast Expansion 33% 14% Normal 40% 6% Recession

Calculate the expected return for the following company based on the forecasts given.

Economic condition	Probability	Return forecast
Expansion	33%	14%
Normal	40%	6%
Recession	27%	-7%

Provide your answer in percent, rounded to two decimals, omitting the % sign.

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