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Calculate the expected return on stock State of economy Probability of the state Percentage return on stock Economic Recession 25% -8.5% Boom 12% 15.6% Steady

Calculate the expected return on stock

State of economy Probability of the state Percentage return on stock

Economic Recession 25% -8.5%

Boom 12% 15.6%

Steady Economic Growth 63% 3.4%

Round answers to two decimal places in percentage form. Show all work

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