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Consider the following information: probability of Rate of Return if State of Economy Recession Normal Boom State of Economy .24 .49 .27 State Occurs -.20

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Consider the following information: probability of Rate of Return if State of Economy Recession Normal Boom State of Economy .24 .49 .27 State Occurs -.20 .15 .29 Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return-%

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