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Consider the following information: State of Economy Recession Probability of State of Economy 42 58 Rate of Return if State Occurs Boom 23 Calculate the
Consider the following information: State of Economy Recession Probability of State of Economy 42 58 Rate of Return if State Occurs Boom 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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