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Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs Recession .17 .11 Normal .53 .13 Boom .30
| Consider the following information: |
| State of Economy | Probability of State of Economy | Portfolio Return If State Occurs | ||||
| Recession |
| .17 |
| .11 |
| |
| Normal |
| .53 |
|
| .13 |
|
| Boom |
| .30 |
|
| .33 |
|
Calculate the expected return
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