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Compute the expected return given these three economic states, their likelihoods,and the potential returns:(Round your answer to 2 decimal places.) Economic State Probability Return Fast
Compute the expected return given these three economic states, their likelihoods,and the potential returns:(Round your answer to 2 decimal places.) |
Economic State | Probability | Return | |||
Fast growth | 0.21 | 61 | % | ||
Slow growth | 0.46 | 40 | |||
Recession | 0.33 | 32 |
Expected return | % |
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