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Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Fast Growth 0.1 Slow Growth 0.6 Recession

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Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Fast Growth 0.1 Slow Growth 0.6 Recession 0.3 Return 50% 8% -10% Multiple Choice 128 percent 6.8 percent 16.0 percent

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