Question: Given the following information for Highway Ltd, the expected return is ____ %. State of the Economy Probability Return Expansion 0.40 13% Sustained growth 0.42

Given the following information for Highway Ltd, the expected return is ____ %.

State of the Economy Probability Return
Expansion 0.40 13%
Sustained growth 0.42 9.5%
Recession 0.18 3%

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