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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Dnot round intermediate calculations. Enter

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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Dnot round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Probability Security of State of Economy Recession Normal Boom Return Occurs 9.00 state ofif state Economy 0.30 0.20 0.50 -7.00% 21.00 Expected return

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