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Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .18 14 nal 54 .15 Boom 28

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Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .18 14 nal 54 .15 Boom 28 23 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 FO

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