
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:es
Consider the following information:
State of
Economy
Recession
Boom
Probability of
State of Economy
.36
.64
Expected return
Rate of Return if State
Occurs
Calculate the expected return.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
%
-.10
.22
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