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State of Economy Probability of State of Economy Portfolio Return If state occurs Recession .18 -.12 Normal .54 .14 Boom .28 .34 Calcuate the expected

State of Economy

Probability of State of Economy Portfolio Return If state occurs
Recession .18 -.12
Normal .54 .14
Boom .28 .34

Calcuate the expected Return:

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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