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Use the following information to calculate your company's expected return. State Probability Return Boom 20% 40% Normal 60% 15% Recession 20% (20%) a. 15% b.

Use the following information to calculate your company's expected return.

State

Probability

Return
Boom

20%

40%
Normal

60%

15%
Recession

20%

(20%)
a. 15%
b. 17%
c. 11%
d. 13%

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