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Use the information in the following table to calculate the expected return: Outcome Probability Recession 0.30 Return -49% Expansion 0.45 16% Boom 31.67% 29.40%

Use the information in the following table to calculate the expected return: Outcome Probability Recession 0.30 Return -49% Expansion 0.45 16% Boom 31.67% 29.40% -0.33% 0.00% -1.00% 0.25 30%

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