Question: 13-5 Calculating Expected Return [LO1] Consider the following information: Probability of State of State of Economy Recession Boom Economy .25 .75 Portfolio Return if State

13-5 Calculating Expected Return [LO1] Consider the following information: Probability of State of State of Economy Recession Boom Economy .25 .75 Portfolio Return if State Occurs -.10 .20 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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