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There is 1 0 percent probability of recession, 1 5 percent probability of a poor economy, 5 3 percent probability of a normal economy, and

There is 10 percent probability of recession, 15 percent probability of a poor economy, 53 percent probability of a normal economy, and 22 percent probability of a boom. A stock has returns of 20.2 percent, 3.8 percent, 11.6 percent and 27.3 percent in these states of the economy, respectively. What is the stock's expected return?

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