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Consider the following information: Probability of State of State of Economy Portfolio Return If State Occurs Economy Recession 15 - .22 Normal .51 .17 Boom

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Consider the following information: Probability of State of State of Economy Portfolio Return If State Occurs Economy Recession 15 - .22 Normal .51 .17 Boom .34 .31 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 % s

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