Consider the following information:   State of Economy Probability of State of Economy Rate of Return if State Occurs   Recession .44 −.13    Boom .56  .25     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.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Consider the following information:
 
State of
Economy
Probability of
State of Economy
Rate of Return
if State Occurs
  Recession .44 −.13 
  Boom .56  .25
 
 
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.)
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