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P13-6 Calculating Expected Return (LO1] Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 0.21

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P13-6 Calculating Expected Return (LO1] Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession 0.21 -0.06 0.35 0.13 Normal 0.25 Boom 0.44 ces Required: Calculate the expected return. Multiple Choice 13.58% 2.13%

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