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Consider the following information: table [ [ State of Economy, table [ [ Probability of State ] , [ of Economy ] ]
Consider the following information:
tableState of Economy,tableProbability of Stateof EconomytableRate of Return ifState OccursRecessionNormalBoom
Calculate the expected return.
Note: Do not round intermediate calculations and enter your answer as a percentrounded to decimalplaces,eg
Expected return
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