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

Consider the following information:
\table[[State of,Probability of State of Rate of Return if State,],[Economy,Economy,Occurs],[Recession,.11,-.06],[Normal,.55,.15],[Boom,.34,.22]]
Calculate the expected return.
Multiple Choice
14.32%
2.07%
15.82%
15.67%
15.07%
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