Question: Problem 11-6 Calculating Expected Return [LO 1] Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy 18 47 .35

Problem 11-6 Calculating Expected Return [LO 1] Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy 18 47 .35 Rate of Return if State Occurs -.11 13 32 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.)

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

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