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Consider the following information:State of EconomyProbability of State of EconomyRate of Return if State OccursRecession . 1 9 . 0 9 Normal . 4 5
Consider the following information:State of EconomyProbability of State of EconomyRate of Return if State OccursRecessionNormalBoomCalculate the expected return.Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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