Question: Based on the following information, calculate the expected return: State of Economy Prob of State Portfolio Return Recession .10 -.15 Normal .60 .09 Boom .30
- Based on the following information, calculate the expected return:
| State of Economy | Prob of State | Portfolio Return |
| Recession | .10 | -.15 |
| Normal | .60 | .09 |
| Boom | .30 | .23 |
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