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

Compute the expected return given these three economic states, their likelihoods, and the potential returns: Note: Round your answer to 2 decimal places. Economic State Fast growth Slow growth Recession Expected return Probability 0.26 Return 36% 0.29 12 0.45 -20 %

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