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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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Introduction To Institutions Management And Investments
Authors: Herbert Mayo
10th International Edition
1111820643, 9781111820640
