Question: 6 . Calculating Expected Return: Based on the following information calculate the expected return: State of Economy Probability of State of Economy Portfolio Return if
6. Calculating Expected Return: Based on the following information calculate the expected return:
| State of Economy | Probability of State of Economy | Portfolio Return if State Occurs |
| Recession | .10 | -.18 |
| Normal | .60 | .11 |
| Boom | .30 | .26 |
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