Question: Refer to the table below to complete this question. Compute the expected return given these three economic states, their likelihoods, and the potential returns. (Cornett,

Refer to the table below to complete this question. "Compute the expected return given these three economic states, their likelihoods, and the potential returns." (Cornett, Adair, & Nofsinger, 2016). Distinguished-level: Recalculate the expected return under a set of changed economic probabilities.

Economic State Probability Return
Fast growth .25 40%
Slow growth .50 10%
Recession .25 -4%

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