Question: Please include formula if possible Consider the following information: Probability of State i Actual Return of Ford Inc State i Boom 22% 23% Normal 31

Please include formula if possible Please include formula if possible Consider the following information: Probability of State

Consider the following information: Probability of State i Actual Return of Ford Inc State i Boom 22% 23% Normal 31 % 5% Bust 47% 1% What is the expected Return of Ford Inc? (Answer as a percentage, and round to 2 decimal places.)

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