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Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs Recession 40 -.09 Boom .60 .21 Calculate

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Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs Recession 40 -.09 Boom .60 .21 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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