Question: Go to the linked spreadsheet and click on the Expected Return - Tag Me tab. You have 4 Possible State outcomes. You are given the

Go to the linked spreadsheet and click on the "Expected Return - Tag Me" tab. You have 4 Possible State outcomes. You are given the probability and return in both state 1 and 2. State 3 and 4 probability and returns are provided below. Use this information to compute the Expected Return for Tag Me. State 3 has a probability of 35% with a return of 14.00% State 4 has a probability of 25% with a return of 19.00% Respond in percentage form without the percent sign and round to the second decimal place. Thus, 26.789% would be written as 26.79 states Outcome 1 2 3 4 Probability of a given state 10% 30% return in a given state -16.00% 8.30%

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