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The Never Failing Supply share is expected to return 16% in a booming economy, 12% in a normal economy and 3% in a recession. The

The Never Failing Supply share is expected to return 16% in a booming economy, 12% in a normal economy and 3% in a recession. The probabilities of an economic boom, normal state or recession are 30%, 50% and 20%, respectively. What is the expected rate of return on this share?

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