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Consider the following information: Probability of State Rate of Return in State State of Economy Recession 0.28 -0.11 Boom 0.72 0.23 Calculate the expected return.

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Consider the following information: Probability of State Rate of Return in State State of Economy Recession 0.28 -0.11 Boom 0.72 0.23 Calculate the expected return. Please enter percentages in the following form. For example, twelve and one-half percent (12.5% or 0.125) should be entered as 12.50. Do not include the "%

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