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Compute the expected return for a security with the following projected returns. State of the Probability Projected Economy (%) Return (%) Recession 8 -14.02 Moderate
Compute the expected return for a security with the following projected returns. State of the Probability Projected Economy (%) Return (%) Recession 8 -14.02 Moderate 19 5.05 Average 51 11.13 Good 15 18.67 Outstanding 21.05 10.25% 11.56% 12.47% 9.79%
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