Question: Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.) Economic State

Compute the expected return given these three economic states, their likelihoods, and

Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.) Economic State Probability 5 Fast growth 0.20 Return 55% Slow growth 0.58 22 Recession 0.22 -33 es Expected return 13.00 %

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