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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 0.21 -0.08 Normal 0.55 0.12 Boom

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 0.21 -0.08 Normal 0.55 0.12 Boom 0.24 0.30 Required: Calculate the expected return

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