Question: Compute the expected return for a security with the following projected returns. state of the economy probability (%) Projected return recession 8 -14.52 moderate 19
Compute the expected return for a security with the following projected returns.
state of the economy probability (%) Projected return
recession 8 -14.52
moderate 19 5.45
average 52 13.85
good 14 18.13
outstanding 7 22.77
The expected return is? (round to 2 decimal places)
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