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Practice Expected Return Again-See Section 8-2A Consider an investment that you predict will earn 3.3% in a recession, 3.3% during normal times, and 3.3% in

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Practice Expected Return Again-See Section 8-2A Consider an investment that you predict will earn 3.3% in a recession, 3.3% during normal times, and 3.3% in a economic boom. Given historical trends, you expect there to be a 20% likelihood of a recession, 60% chance the economy is considered normal, and a 20% chance of an economic boom. With these predicted future returns and probabilties, calculate the expected return on the investment

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