Consider the following information: Calculate the expected return. Expected return %

Problem 11-5 Calculating Expected Return [LO 1] Consider the following information: State of Economy Recession Boom Probability of State of Economy .37 .63 Rate of Return if State Occurs -.11 .23 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.) Expected return