Question: Do not do any interim rounding, calculate values to at least 6 decimal places before converting to a percentage, state answers as a percentage to

Do not do any interim rounding, calculate values to at least 6 decimal places before converting to a percentage, state answers as a percentage to 2 decimal places, do not include labels (%, $). For example, .06487 should be input as 6.49

Consider the following information about expected returns for two securities, Ravenwood Consulting and Brody Enterprises.

Probability Ravenwood Brody
Boom 40% 13.5% -2%
Neutral 25% 8% 7%
Bust 35% -1% 9.8%

The expected return for a portfolio invested 65% in Ravenwood and 35% in Brody is:

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