Question: Based on the following information, calculate the expected return. STATE OF ECONOMY Recession Normal Boom RATE OF RETURN STATE OF ECONOMY IF STATE OCCURS PROBABILITY

Based on the following information, calculate the expected return.
Based on the following information, calculate the expected return.

STATE OF ECONOMY Recession Normal Boom RATE OF RETURN STATE OF ECONOMY IF STATE OCCURS PROBABILITY OF 20 .55 .25 .06 .12 .25

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