Question: Compute the expected return for a security with the following projected returns. Probability (%) State of the Economy Recession Moderate Average Good Outstanding Projected Return

 Compute the expected return for a security with the following projected

Compute the expected return for a security with the following projected returns. Probability (%) State of the Economy Recession Moderate Average Good Outstanding Projected Return (%) - 14.91 5.28 12.06 17.77 20.55 The expected return is %. (Round to two decimal places.)

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