Question: Based on the information below what would be the expected return for this portfolio (round 2 decimal places) State of Economy Probability of State of

Based on the information below what would be the expected return for this portfolio (round 2 decimal places)

State of Economy Probability of State of Economy Portfolio Return if occurs Recession 0.18 -0.11

Normal 0.54 0.16

Boom 0.28 0.24

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