Your Submission: 11 What is the expected return on an asset that is expected...

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Your Submission: 11 What is the expected return on an asset that is expected to have returns of -10%, 8%, and 20% when the economy is in boom, normal, and recession states, respectively? The probabilities of boom, normal, and recession states happening are 30%, 50%, and 20%, respectively, ( 2.67% 8.00% 6.00% 5.00%

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