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Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast Growth 0.1 50% Slow

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Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast Growth 0.1 50% Slow Growth 0.6 8% Recession 0.3 -10% Multiple Choice 22.7 percent 12.8 percent 6.8 percent 16.0 percent

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