Question: Problem 11-6 Calculating Expected Return [LO 1) Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .24 .46 .30

Problem 11-6 Calculating Expected Return [LO 1) Consider the following information:

Problem 11-6 Calculating Expected Return [LO 1) Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .24 .46 .30 Rate of Return if State Occurs -.10 .12 .31 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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