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

Consider the following information:
\table[[State of,Probability of,Rate of Return if State],[Economy,State of Economy,Occurs],[Recession,.22,-.12],[Normal,.48,.14],[Boom,.30,.33]]
Calculate the expected return.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decima
Expected return
%
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