Question: Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Consider the following

Calculate the expected return. (Do not round intermediate calculations. Enter your answerCalculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Consider the following information State of Probability of Economy State of Economy Recession Normal Boom Portfolio Return If State Occurs 0.20 0.45 0.35 -0.14 0.10 0.36

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