Question: Compute the expected return given these three economic states, their likelihoods,and the potential returns: Economic State Probability Return Fast growth 0.26 60 % Slow growth

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

Economic State Probability Return

Fast growth 0.26 60 %

Slow growth 0.37 27

Recession 0.37 -39

Expected Return:_____?______

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