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

Calculate the expected return on stock:

State of the economy Probability of the state Percentage returns on stock
Economic recession 25% -8.5%
Boom 12% 15.6%
Steady economic growth 63% 3.4%

Round the answers to two decimal places in percentage form.

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