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Homework answers / question archive / State of Probability of Rate of Return Economy State if State of Economy Occurs _____________________________________________________________________ Recession

State of Probability of Rate of Return Economy State if State of Economy Occurs _____________________________________________________________________ Recession

Finance

State of Probability of Rate of Return

Economy State if State

of Economy Occurs

_____________________________________________________________________

Recession .21 -.12

Normal .48 .14

Boom .31 .33

 

Calculate the expected return. (provide answer as a percent rounded to 2 decimal places, e.g., 46.21%)

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