Question
Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .44 ? .13 Boom .56 .25
Consider the following information:
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs | ||
| Recession | .44 | ? | .13 | |
| Boom | .56 | .25 | ||
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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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
