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Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .29 .09 Boom .71 .21 Required:
| Consider the following information: |
| State of Economy | Probability of State of Economy | Rate of Return if State Occurs |
| Recession | .29 | .09 |
| Boom | .71 | .21 |
| Required: |
| Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
| Expected return | % |
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Public Finance Lessons From The Past And Effects On The Future
Authors: Miguel-Angel Galindo Martin
1st Edition
1629481491, 978-1629481494
