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Consider the following information: table [ [ , , Rate of ] , [ State of , Probability of , table [ [

Consider the following information:
\table[[,,Rate of],[State of,Probability of,\table[[Return],[if State]]],[Economy,of Economy,Occurs],[Recession,.21,-.13],[Normal,.49,.15],[Boom,.30,.34]]
Calculate the expected return. (Do not round intermediate calculations answer as a percent rounded to 2 decimal places, e.g.,32.16.)
Expected return
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