Question: Problem 11-5 Calculating Expected Return (LO 1] Consider the following information: 2.5 points State of Probability of Rate of Return Economy State of Economy if
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Problem 11-5 Calculating Expected Return (LO 1] Consider the following information: 2.5 points State of Probability of Rate of Return Economy State of Economy if State Occurs Recession 42 -.11 Boom .58 .23 eBook References 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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