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Consider the following information: Rate of State of Probability of State Return if State Economy of Economy Occurs Recession .24 -.10 Normal .46 .12

Consider the following information: Rate of State of Probability of State Return if State Economy of Economy Occurs Recession .24 -.10 Normal .46 .12 Boom .30 .31 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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