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Consider the following information: State of Economy Probability of State of Economy Portfolio Return if State Occurs Recession 0.18 ? 0.14 Normal 0.54 0.15 Boom
Consider the following information: |
State of Economy | Probability of State of Economy | Portfolio Return if State Occurs | ||||
Recession | 0.18 | ? | 0.14 | |||
Normal | 0.54 | 0.15 | ||||
Boom | 0.28 | 0.23 | ||||
Calculate the expected return. (Round your answer to 2 decimal places. (e.g., 32.16)) |
Expected return | % |
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