Question: Compute the expected return for a security with the following projected returns. State of the Economy Probability (%) Projected Return (%) Recession 9 -11.95 Moderate
Compute the expected return for a security with the following projected returns.
State of the Economy Probability (%) Projected Return (%)
Recession 9 -11.95
Moderate 20 5.47
Average 49 11.71
Good 16 18.52
Outstanding 6 20.24
The expected return is ___%. (Round to two decimal places.)
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