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Consider the following information: State of Economy Probability of State of Economy Rate of Return if state occurs Recession .11 -0.06 Norma; .55 .14 Boom

Consider the following information:

State of Economy	Probability of State of Economy	Rate of Return if state occurs
Recession	.11	-0.06
Norma;	.55	.14
Boom	.34	.3

Calculate the expected return.

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