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Compute the expected return for a security with the following projected returns. Projected Return (%) - 14.62 5.19 12.55 17.12 21.47 Probability State of the

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Compute the expected return for a security with the following projected returns. Projected Return (%) - 14.62 5.19 12.55 17.12 21.47 Probability State of the Economy Recession Moderate Average Good Outstanding 7 18 53 16 The expected return is %. (Round to two decimal places.)

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