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help An investor is trying to estimate his expected return on an investment in the next 12 months. He believes the econorpy will be one
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An investor is trying to estimate his expected return on an investment in the next 12 months. He believes the econorpy will be one of three states: Bad, Average, or Great. He has estimated the probability of each state and the return he will get in each environment. Find the expected return based on his assumptions. Answer format: Percentage Round to: 2 decimal places (Example: 9.24%,% sign required. Will accept docimal format rounded to 4 decimal places (ex: 0.0924)) Step by Step Solution
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