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Shares of Kel Co stock will return -9.3% during a recession, 7% during a normal economy, and 13.5% during a boom economy. If there is
Shares of Kel Co stock will return -9.3% during a recession, 7% during a normal economy, and 13.5% during a boom economy. If there is a 14% chance of recession, and 10% chance of a boom, what is the expected return for Kel Co?
(Enter your response as a percentage with two decimal places, ex: 12.34)
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