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

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

Based on the following information, what is the expected return? Probability of State Rate of Return if State of Economy Recession Normal Boom of Economy .30 .39 .31 State Occurs -9.80% 11. 30% 21.40%

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