Question: Calculate the expected rate of return: State Probability Return Boom 20% 0.14 Normal 60% 0.11 Recession 20% -0.18
Calculate the expected rate of return:
| State | Probability | Return |
| Boom | 20% | 0.14 |
| Normal | 60% | 0.11 |
| Recession | 20% | -0.18 |
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