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Given the scenario analysis below for Company X, what is the expected return? Enter your answer as a % with one decimal number (e.g. 20.5)

Given the scenario analysis below for Company X, what is the expected return? Enter your answer as a % with one decimal number (e.g. 20.5)

Scenario Probability Holding Period Return (in %)
Recession 0.3 4
Normal 0.5 12
Boom 0.2 16

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