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Problem 10-1 Expected Return (LG10-1) Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2

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Problem 10-1 Expected Return (LG10-1) Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.) Probability Economic State Fast growth Slow growth Return 0.31 48% 0.53 17 Recession 0.16 -31

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