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Consider the following information: Probability of State of Economy Portfolio Return State of If State Occurs Economy Recession Boom .28 .72 - .18 .22

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Consider the following information: Probability of State of Economy Portfolio Return State of If State Occurs Economy Recession Boom .28 .72 - .18 .22 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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