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Saved Consider the following information: {:[ State of ],[ Economy ]:} {:[ Probability of ],[ State ]:} {:[ Rate of ],[ Return ],[ if State

Saved Consider the following information: {:[" State of "],[" Economy "]:} {:[" Probability of "],[" State "]:} {:[" Rate of "],[" Return "],[" if State "]:} Recession .16 Occurs Normal .48 -.12 Boom .36 .14 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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