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Consider the following information: State of Economy Probability of State of Economy Portfolio Return if State Occurs Recession .10 -.17 Normal .60 .08 Boom .30

Consider the following information: State of Economy Probability of State of Economy Portfolio Return if State Occurs Recession .10 -.17 Normal .60 .08 Boom .30 .27 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.)

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