Find what is the expected return

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Question 1: A project is predicted to have a return of -£16m in a recession, and the probability of a recession is estimated to be 0.25. In a growth period the return would be 16m (with probability 0.5) and in a boom the return would be £24m (with probability 0.25). what is the expected return?

Reference no: EM132499595

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