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Consider the following information: Rate of Return if State Occurs Probability of State of State Economy of Economy Recession 17 Normal 47 Boom 36 -11

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Consider the following information: Rate of Return if State Occurs Probability of State of State Economy of Economy Recession 17 Normal 47 Boom 36 -11 .13 32 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 %

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