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Consider the following information: Rate of Probability of State Return State of if State Economy of Economy 17 Occurs Recession -12 Normal 48 14 Boom

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Consider the following information: Rate of Probability of State Return State of if State Economy of Economy 17 Occurs Recession -12 Normal 48 14 Boom 35 33 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.)

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