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You are asked to evaluate investing in a new business. You have gathered the following information. What is the expected return on this investment (provide
You are asked to evaluate investing in a new business. You have gathered the following information. What is the expected return on this investment (provide your answer in percentage with two decimal places)? State of the economy Probability , p i Recession 0.50 Normal economy 0.30 Growth 0.20 Return , ri 15% 19% 10%
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