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Consider the following information: State of Economy Recession Boom Probability of State of Economy 0.20 0.80 4 Portfolio Return If State Occurs 0.14 0.17 Calculate
Consider the following information: State of Economy Recession Boom Probability of State of Economy 0.20 0.80 4 Portfolio Return If State Occurs 0.14 0.17 Calculate the expected return. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Expected return
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