State of economy probability of state of economy rate of, Financial Management

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State of economy probability of state of economy rate of

Calculating Expected Return. Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .20 – .13 Normal .49 .15 Boom .31 .34 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.) Expected return

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