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Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast Growth 0.2 23% Slow Growth
Compute the expected return given these three economic states, their likelihoods, and the potential returns:
Economic State Probability Return
Fast Growth 0.2 23%
Slow Growth 0.6 14%
Recession 0.2 30%
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