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Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs Recession Boom 30 .70 Calculate the expected

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Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs Recession Boom 30 .70 Calculate the expected return. (Do not round intermediate calculations and enter you answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return

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