Question: Based on the following information, the expected return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g.,

Based on the following information, the expected return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) State of Economy Recession Normal Boom Probability of State of Economy 0.2 0.55 0.25 Portfolio Return if State Occurs --0.04 0.16 0.31
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