Question: Consider the following information Required: Calculate the expected return. multiple choice : a) 12.91% b) 11.79% c) 12.41% d) 13.03% e) 2.33% State of Economy

Consider the following information

 Consider the following information Required: Calculate the expected return. multiple choice

Required:
Calculate the expected return.

multiple choice :

a) 12.91%

b) 11.79%

c) 12.41%

d) 13.03%

e) 2.33%

State of Economy Recession Normal Boom Probability of State of Rate of Return if State Economy Occurs 0.21 -0.02 0.65 0.15 0.14 0.22

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