Question: Expected Return Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast Growth .2 31.3%

Expected Return Compute the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Probability Return Fast Growth .2 31.3% Slow Growth .4 6.65% Recession .4 -2.65% 7.9% 17.7% 20.3% 10.0%

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