orlando19882000
29.05.2021 •
Mathematics
Consider the following information:
State of Economy Probability of
State of Economy Portfolio Return
If State Occurs
Recession .20 − .14
Normal .45 .10
Boom .35 .36
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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