Question: Based on the following information, calculate the expected return. State of Economy Probability of State of economy Recession .4 Boom .6 Rate of retum if
Based on the following information, calculate the expected return. State of Economy Probability of State of economy Recession .4 Boom .6 Rate of retum if state occurs -13 20 5.05% 7.87% 8.57% 6.80%
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