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

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Consider the following information: State of Economy Recession Normal Boom Probability of Portfolio Return State of Economy If State 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.) Expected return %

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