Practice using Weighted Averages to Calculate Expected Return- See Section 8- 2A Consider an investment that you predict will earn 3% in a recession, 4.5% during normal times, and 7.1% in a economic boom. Given historical trends, you expect there to be a 20% likelihood of a recession, 60% chance the economy is considered normal, and a 20% chance of an economic boom. With these predicted future returns and probabilties, calculate the expected return on the investment. Here is a Concept Clip: (Concept Clip Link) Keep your answer as a percentage (example 5.42% should be entered as 5.42) Round your answer to two decimals