Based on the following information, what is the expected return? State of Economy Recession Normal...

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Based on the following information, what is the expected return? State of Economy Recession Normal Probability of State of Economy .31 .34 .35 Rate of Return if State Occurs -10.30% 11.80% 21.40% Boom Multiple Choice 7.97% 14.70% 0 11.50% 7.63% 8.31%

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