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

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n Problem 13-5 Calculating Expected Return [LO1] Consider the following information: Portfolio

Problem 13-5 Calculating Expected Return [LO1] Consider the following information: Portfolio Probability of State of Return if State State of Economy Economy Occurs Recession 21 -.11 Boom .79 .21 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 % ces 27

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