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Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy .18 .54 .28 Occurs -.14

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Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy .18 .54 .28 Occurs -.14 .15 .23 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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