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Compute the expected return given these three economic states, their likelihoods, and the potential returns: (Round your answer to 2 decimal places.)

Economic State Probability Return

Fast growth 0.17 56 %

Slow growth 0.50 21 %

Recession 0.33 –43 %

Expected return %?

Financial Management, Finance

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  • Reference No.:- M92166909

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