Calculate the expected return on stock of time saver


Calculate the expected return on stock of Time Saver Inc.: State of the economy Probability of the states Percentage returns Economic recession 23% 5.8% Steady economic growth 35% 3.8% Boom Please calculate it -3.6% Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

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Financial Management: Calculate the expected return on stock of time saver
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