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

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P13-6 Calculating Expected Return [LO1] Consider the following information: Oints State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.11 -0.04 0.45 0.13 0.44 0.23 Required: Calculate the expected return. Multiple Choice

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