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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .30 .13 Boom .70 .25 Calculate
Consider the following information:
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs | ||
| Recession | .30 | .13 | ||
| Boom | .70 | .25 | ||
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.) Expected return %
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
