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Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs Recession .27 ? .12 Boom .73 .22 Calculate
Consider the following information:
State of Economy Probability of
State of Economy Portfolio Return
If State Occurs
Recession .27 ? .12
Boom .73 .22
Calculate the expected return. (Do not round intermediate calculations. Enter your answer as
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