Question: Based on the following information, what is the expected return? State of Economy Recession Normal Probability of State of Economy .31 .34 .35 Rate of

Based on the following information, what is the expected return? State of Economy Recession Normal Probability of State of Economy .31 .34 .35 Rate of Return if State Occurs -10.30% 11.80% 21.40% Boom Multiple Choice 7.97% 14.70% 0 11.50% 7.63% 8.31%
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