Question: P13-6 Calculating Expected Return [LO1] Consider the following information: Probability of State of Economy 0.21 0.45 0.34 Rate of Return if State Occurs State of

 P13-6 Calculating Expected Return [LO1] Consider the following information: Probability of

P13-6 Calculating Expected Return [LO1] Consider the following information: Probability of State of Economy 0.21 0.45 0.34 Rate of Return if State Occurs State of Economy Recession Normal Boom 4 0.15 0.31 Required: Calculate the expected return. 16.24% 0 2.73% 0 1705% 15.43% 16.89%

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