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state of economy prob of state of economy expected return Bust 0.2 -1.50% Normal 0.69 6.00% Recessiom 0.11 9.50% What is the portfolios expected return.

state of economy prob of state of economy expected return
Bust 0.2 -1.50%
Normal 0.69 6.00%
Recessiom 0.11 9.50%

What is the portfolios expected return. round to nearest hundreth

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