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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .30 .08 Boom .70 .19 Required:

Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .30 .08 Boom .70 .19 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).) Expected return %

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