Question: Based on the following information, the expected return is ________ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places.

Based on the following information, the expected return is ________ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

State of Economy	Probability of State of Economy	Portfolio Return if State Occurs
Recession	0.2	-0.07
Normal	0.55	0.14
Boom	0.25	0.33

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