Question: 1) Calculate the expected return for each stock. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g.,

| 1) Calculate the expected return for each stock. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
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Rate of Return If State Occurs Probability of State of Economy 20 50 30 State of Stock A Stock B Economy Recession Normal Boom 08 .15 .14 .31 .16
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