Question: Problem 11-5 Calculating Expected Return (LO 1) Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs

Problem 11-5 Calculating Expected Return (LO 1) Consider the following information: State of Probability of Rate of Return Economy State of Economy if State Occurs Recession .34 -.09 Boom .66 .21 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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