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Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy Occurs .18 -.12 .54 .14

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Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio State of Return if State Economy Occurs .18 -.12 .54 .14 .28 .34 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.) > Answer is complete but not entirely correct. Expected return 13.29%

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