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Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to two decimal places and do not
Compute the expected return given these three economic states, their likelihoods, and the potential returns:
(Round your answer to two decimal places and do not include a % symbol)
Economic states ProbabilityReturn
Fast growth 0.1 50%
Slow growth 0.6% 8%
Recession 0.3 10%
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