Question: Based on the following information, what is the expected return? State of Economy Recession Normal Probability of State of Economy Rate of Return if State

 Based on the following information, what is the expected return? State

Based on the following information, what is the expected return? State of Economy Recession Normal Probability of State of Economy Rate of Return if State Occurs -10.50% .29 32 Boom 12.00% 21 40%

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