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 Rate of Return if State Occurs Recession .35 −.09 Boom .65 .21 Required: Calculate the expected return. (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).)

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Financial Management: Consider the following information state of economy

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