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 Probability

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 Return

Fast growth 0.26 60 %

Slow growth 0.37 27

Recession 0.37 39

what is the Expected return % ????

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