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Consider the following information: table [ [ , Probability of , Rate of Return If ] , [ State of Economy,State of Economy,State Occurs
Consider the following information:
tableProbability ofRate of Return IfState of Economy,State of Economy,State OccursRecessionNormalBoom
Calculate the expected return.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Expected return
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