Question: A 7.76%, B 14.42%, C 7.63%, D 7.89% ,E 11.16% Based on the following information, what is the expected return? State of Probability of State

A 7.76%, B 14.42%, C 7.63%, D 7.89% ,E 11.16%

Based on the following information, what is the expected return? State of Probability of State Rate of Return if Economy of Economy State Occurs Recession . 32 -10. 20% Normal 35 11 . 70% Boom . 33 21 . 40%

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