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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations.

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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) State of Economy Recession Normal Boom Probability of State of Economy .35 .30 Security Return if State Occurs -9.00% 14.00 23.00 . 35 Expected return %

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