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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

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, Return, Recession 0.50 -15% Normal economy 0.30 4% Growth 0.20 14% Answer:

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