Question: Problem 11-6 Calculating Expected Return Lo1 Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy Rate of Return .20

Problem 11-6 Calculating Expected Return Lo1 Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy Rate of Return .20 49 31 -.13 .15 .34 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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