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Question 6 Use the following information to calculate your company's expected return. State Probability Return Boom 20% 0.12 Normal 60% 0.10 Recession 20% -0.19 Round

Question 6

Use the following information to calculate your company's expected return.

State Probability Return

Boom 20% 0.12

Normal 60% 0.10

Recession 20% -0.19

Round to two decimal places.

Answer:

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