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Use the following information to cUse the following information to calculate your company's expected return. State Probability Return Boom 20% 0.38 Normal 60% 0.14 Recession
Use the following information to cUse the following information to calculate your company's expected return.
State | Probability | Return |
Boom | 20% | 0.38 |
Normal | 60% | 0.14 |
Recession | 20% | -0.19 |
Round to two decimal places.
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