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Consider the following information for Stock A: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .15 .04 Normal

Consider the following information for Stock A: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .15 .04 Normal .61 .07 Boom .24 .12 Calculate the expected return for this stock. (Do not round intermediate calculations and enter your answer as a pe e.g., 32.16

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