Question: Problem 13-5 Calculating Expected Return (LO1] Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .27
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Problem 13-5 Calculating Expected Return (LO1] Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .27 -.12 Boom .73 .22 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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