Question: Problem 11-5 Calculating Expected Return [LO 1] Consider the following information: Probability of State of Economy 25 75 Rate of Return Economy Recession Boom 13
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Problem 11-5 Calculating Expected Return [LO 1] Consider the following information: Probability of State of Economy 25 75 Rate of Return Economy Recession Boom 13 .25 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return
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