Question: Compute the expected return given these three economic states, their likelihoods, and the potential returns: 3 Economic State Probability Return Fast Growth 0 .3 40%

Compute the expected return given these three economic states, their likelihoods, and the potential returns: 3 Economic State Probability Return Fast Growth 0 .3 40% Slow Growth Recession 0.3 -15% 0.4 15: Multiple Choice O 13.5 percent 0 225 percent 0 18.3 percent 0 40.0 percent
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