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

Based on the following information, what is the expected return? Probability of

Based on the following information, what is the expected return? Probability of State of Rate of Return if State of Economy Economy State Occurs Recession .24 -9.0% Normal .45 10.0% 1 Boom .31 21.0% O 7.33% 9.24% O 8.85% O 18%

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