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Please show work that is not on excel please. Thank you. CHAPTER 11 Risk and Retur 6. Calculating Expecte bleulating Expected Return. Based on the

image text in transcribedPlease show work that is not on excel please. Thank you.

CHAPTER 11 Risk and Retur 6. Calculating Expecte bleulating Expected Return. Based on the following information, calculate the expected return. State of Economy Probability of State of Economy Rate of Return If State Occurs Recession Normal Boom .15 .60 .25 -.09 .11 .30 Calculating Returns and

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