Question: Problem 11-6 Calculating Expected Return [LO 1] Consider the following information: Probability of State of Economy Rate of Return if State Occurs State of Recession

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

Problem 11-6 Calculating Expected Return [LO 1] Consider the following information: Probability of State of Economy Rate of Return if State Occurs State of Recession Normal Boom .22 47 .31 13 32 Calculate the expected return. (Do not round intermediate calcu Expected return

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