Question: 10 points Save Answ Question 23 Go to the linked spreadsheet and click on the Expected Return - Tag Me tab. You have 4 Possible

 10 points Save Answ Question 23 Go to the linked spreadsheet
and click on the Expected Return - Tag Me" tab. You have

10 points Save Answ Question 23 Go to the linked spreadsheet and click on the Expected Return - Tag Me" tab. You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. Use this information to compute the Expected Return for Tag Me. State 3 has a probability of 40% with a return of 15.00% State 4 has a probability of 20% with a return of 21.50% Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79 . 2 3 4 5 states Outcome 6 Probability of a given state 10% 30% 7 1 return in a given state -16.00% 8.30% B 9 2 3 4 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

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