Question: Ch 13 #6 6. value 1.00 points P13-6 Calculating Expected Return [LO1] Consider the following information: State of Economy Recession Normal Boom Probability of State

Ch 13 #6

6. value 1.00 points P13-6 Calculating Expected Return [LO1] Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy 0.21 0.55 0.24 Rate of Return if State Occurs 0.03 0.14 0.29 Required: Calculate the expected return 14.59% 14.73% 2.67% o 13.33% O 14.03%

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