Question: What is the expected return on an asset that is expected to have returns of 20%,5%, and -15% when the economy is in boom, normal,

 What is the expected return on an asset that is expected

What is the expected return on an asset that is expected to have returns of 20%,5%, and -15% when the economy is in boom, normal, and recession states, respectively? The probabilities of boom, normal, and recession states happening are 30%, 50%, and 20%, respectively. 5.50% 3.33% 1.83% 2.00%

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