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 .27 -- 11 Boom .73 .23 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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