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

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P13-6 Calculating Expected Return (LO1] Consider the following information: State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.21 -0.05 0.55 0.15 0.24 0.30 Required: Calculate the expected return. Multiple Choice 14.98%

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