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Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs Recession .26 - .11 Boom .74 .21 Calculate

Consider the following information:

State of Economy Probability of State of Economy Portfolio Return If State Occurs
Recession .26 - .11
Boom .74 .21

Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return % =

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