Question: Problem 10-1 Expected Return (LG10-1) Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2
Problem 10-1 Expected Return (LG10-1)
| Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.) |
| Economic State | Probability | Return | |||
| Fast growth | 0.30 | 45 | % | ||
| Slow growth | 0.33 | 23 | |||
| Recession | 0.37 | 37 | |||
| Expected return | % |
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