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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone State of Economy Probability of

Use the following information on states of the economy and stock returns to calculate the

expected return for Dingaling Telephone

State of Economy Probability of State of Economy Security Return If State Occurs
Recession .35 9.00 %
Normal .30 14.00
Boom .35 23.00

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