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Consider the following information: Probability of State State of Economy of Economy Rate of Return if State Occurs Recession Normal .10 -.17 Boom .60
Consider the following information: Probability of State State of Economy of Economy Rate of Return if State Occurs Recession Normal .10 -.17 Boom .60 30 .08 .27 Calculate the expected return. Note: Do not round intermediate calculations and enter your answer as a percentrounded to 2 decimal places,e.g., 32.16. Expected return %
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
