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Consider the following information: Probability of State of Economy If State Occurs Portfolio Retu State of Economy Recession Normal 22 15 .51 34 17 31

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Consider the following information: Probability of State of Economy If State Occurs Portfolio Retu State of Economy Recession Normal 22 15 .51 34 17 31 oom Calculate the expected return. (Do not round intermediate calculations and enter you answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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