Question: Calculating Expected Return Based on the following information, calculate the expected return: Probability of State of Economy State of Rate of Return if Economy State

Calculating Expected Return Based on the following information, calculate the expected return:

Probability of State of Economy State of Rate of Return if Economy

Probability of State of Economy State of Rate of Return if Economy State Occurs 25 -05 Recession .40 .12 Nomal 35 25 Boom

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