Compute the expected return given these three economic state

Reference no: EM13267062

Compute the expected return given these three economic states, their likelihoods, and the potential returns: Fast Growth State has a probability of 0.3 and 40% return. Slow Growth State has a probability of 0.4 and 15% return. Recession State has a probability of 0.3 and -15% return.

Reference no: EM13267062

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