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Consider the following information: Probability of State of Economy If State Occurs State of Portfolio Return Economy Recession .25 - 10 Boom 75 .20 Calculate

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Consider the following information: Probability of State of Economy If State Occurs State of Portfolio Return Economy Recession .25 - 10 Boom 75 .20 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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