Question: 2 . 3 7 Portfolio return: A portfolio's value increases by ( 1 7 % ) during a financial boom and by

2.37 Portfolio return: A portfolio's value increases by \(17\%\) during a financial boom and by \(8\%\) during normal times. it decreases by \(13\%\) during. a recession. What is the expected return on this portfolio if each scenario is eauallv likely (that is each scenario has probability equal to 1/3)?6(round to the nearest whole percent)

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