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Homework answers / question archive / Consider the following information: 0
Consider the following information: 0.5 points State of Probability of Rate of Return Economy State of Economy if State Occurs Recession .37 -.11 Boom .63 .23 eBook References Calculate the expected return. (Do not round intermediate calcule answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %
expected return=Respective return*Respective probability
=(0.37*-11)+(0.63*23)
which is equal to
=10.42%
