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 33 %
Slow growth 0.52 7
Recession 0.24 40

Expected return %

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