Question: K Problem 13-5 Calculating Expected Return [LO1] Consider the following information: State of Economy Recession Boom Probability of Portfolio State of Return if State

K Problem 13-5 Calculating Expected Return [LO1] Consider the following information: State of Economy Recession Boom Probability of Portfolio State of Return if State Occurs -.20 28 Economy .35 .65 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 t nces %

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