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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession . 1 0 - . 1

Consider the following information:
State of Economy Probability of State of Economy Rate of Return if State Occurs
Recession .10-.17
Normal .60.08
Boom .30.27
Calculate the expected return. Note: 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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