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 0.24 66 %
Slow growth 0.36 28
Recession 0.40 29
Expected return %
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