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Consider the following information: Probability of State of Economy State of Economy Recession Normal Boom .10 .60 .30 Portfolio Return if State Occurs -.15 09
Consider the following information: Probability of State of Economy State of Economy Recession Normal Boom .10 .60 .30 Portfolio Return if State Occurs -.15 09 .23 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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