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P13-6 Calculating Expected Return [LO1] 16 Consider the following information: 1 points State of Economy Recession Normal Boom Probability of State of Rate of Return

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P13-6 Calculating Expected Return [LO1] 16 Consider the following information: 1 points State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.04 0.55 0.13 0.34 0.28 References Required: Calculate the expected return. Multiple Choice 15.42% 17.04% 16.88% 16.23% 2.47%

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