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Consider the following Information: State of Probability of State Bonomy of Recession .21 Normal .48 toom .31 Rate of Beturn if State De -.12 .14

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Consider the following Information: State of Probability of State Bonomy of Recession .21 Normal .48 toom .31 Rate of Beturn if State De -.12 .14 23 Calculate the expected retum. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e... 32.16.) Expected return

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