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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.
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.) Security Return if State Occurs State of Economy Recession Normal Boom Probability of State of Economy 0.30 0.55 0.15 -4% 9.0 15.7
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