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Consider the following information: table [ [ State of , Probablity of State of , Rate of Return If State ] , [ Economy

Consider the following information:
\table[[State of,Probablity of State of,Rate of Return If State],[Economy,Economy,Occurs],[Recession,11,-02],[Normal,45,12],[Boom,44,33]]
Calculate the expected return.
Multiple Choice
18.71%
20.68%
19.70%
2.87%
20.49%
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