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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 0.35 0.50 0.15 Security Return if State Occurs -8.000 14.00 24.00 Expected return

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