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Consider the following information: Probability of Rate of Return if State State of Economy Recession Boom State of Economy .26 .74 Occurs -.12 .24

Consider the following information: Probability of Rate of Return if State State of Economy Recession Boom State of Economy .26 .74 Occurs -.12 .24 Calculate the expected return. Note: 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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