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Compute the expected return given these three economic states, their probabilities, and the potential returns: Economic State Fast Growth Slow Growth Recession Probability 25% 55%
Compute the expected return given these three economic states, their probabilities, and the potential returns: Economic State Fast Growth Slow Growth Recession Probability 25% 55% 20% Return 13% 11% 0% Enter your answer as a decimal with 4 places of precision.
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