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Consider the following information: State of Probability of Economy State of Economy Recession .15 Normal .51 Boom .34 Portfolio Return If State Occurs 22 -17

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Consider the following information: State of Probability of Economy State of Economy Recession .15 Normal .51 Boom .34 Portfolio Return If State Occurs 22 -17 31 Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return

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