Question
** Consider the following information: Rate of Probability of Return State of State if State Economy of Economy Occurs Recession .24 -.09 Normal .45 .11
**
Consider the following information:
Rate of
Probability of Return
State of State if State
Economy of Economy Occurs
Recession .24 -.09
Normal .45 .11
Boom .31 .30
Calculate the expected return.(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimalplaces, e.g., 32.16.)
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
