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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.) Probability Security Return State of State of if State Economy Economy Occurs Recession - 10.00% Normal 7.00 . 15 17.00 of .35 .50 Boom Expected return %

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