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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State of Economy Probability of State of Economy Rate
Consider the following information: State of Economy Probability of State of Economy Rate of Return if
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
| Recession | .23 | .11 |
| Normal | .47 | .13 |
| Boom | .30 | .32 |
Required: Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
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Campaign Finance Reform
Authors: Melissa M. Smith, Glenda C. Williams, Larry Powell, Gary A. Copeland
1st Edition
