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What is the expected return on an asset that is expected to have returns of 20%,5%, and -15% when the economy is in boom, normal,
What is the expected return on an asset that is expected to have returns of 20%,5%, and -15% when the economy is in boom, normal, and recession states, respectively? The probabilities of boom, normal, and recession states happening are 30%, 50%, and 20%, respectively. 5.50% 3.33% 1.83% 2.00%
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