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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession -0.02 Normal 0.55 0.15 Boom 0.34

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession -0.02 Normal 0.55 0.15 Boom 0.34 0.26 0.11 Required: Calculate the expected return

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