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Consider the following information: Probability of Portfolio State of State of Return if State Economy Economy Occurs Recession .22 -18 Normal .47 Boom .31

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Consider the following information: Probability of Portfolio State of State of Return if State Economy Economy Occurs Recession .22 -18 Normal .47 Boom .31 .19 .27 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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