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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

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 0.24 66 % Slow growth 0.36 28 Recession 0.40 -29

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