Question: what is the expected return? Consider the following information: Probability of State of State Economy of Economy Recession 15 Normal .60 Boom .25 Rate of

what is the expected return?
Consider the following information: Probability of State of State Economy of Economy Recession 15 Normal .60 Boom .25 Rate of Return if State Occurs -.12 .10 .17 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.)
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