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Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 1 decimal place.) Economic State Probability
Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 1 decimal place.)
Economic State
Probability
Return
Fast growth
0.5
40 %
Slow growth
0.2
10
Recession
0.3
25
Expected return
%
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