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State of economy probability

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Reference no: EM132500881

Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs

Recession .15 -.12

Norma l.60 .10

Boom .25 .27

Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132500881

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