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8. Problem Consider the following information: State of Economy Recession Normal Boom Probability of State...

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8. Problem Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .25 .45 .30 Rate of Return if State Occurs -.09 .11 .30 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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