Consider the following information state of economy, Financial Management

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Consider the following information state of economy

Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs:

Recession .35 − .20

Boom .65 .28

Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Expected return %

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Financial Management: Consider the following information state of economy

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