Get comprehensive solutions to your questions with the help of IDNLearn.com's experts. Find the solutions you need quickly and accurately with help from our knowledgeable community.

Compute the expected return given these three economic states, their likelihoods, and the potential returns:
(Round your answer to 2 decimal places.)

Economic State Probability Return
Fast growth 0.31 48%
Slow growth 0.53 17
Recession 0.16 -31