9 pts Question 6 Consider the following probability tree for the returns of a financial security: State of the Economy Probability 0.3 Return 16% Good Average 9% 0.4 0.3 Poor 1% What is the expected return? Note: Show your answer in units of percentsluse plain numbers with at least two digits after the decimal (e.g., for 12.34%, type 12.34)
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