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Consider the following information: State of Probability of Economy State of Economy Recession Rate of Return if State Occurs -.09 .21 .29 Boom .71 Calculate

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Consider the following information: State of Probability of Economy State of Economy Recession Rate of Return if State Occurs -.09 .21 .29 Boom .71 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 12.00 %

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