Problem $13-6$ Caiculating Expected Return $[$LO$1]$

Consider the following information:

$\backslash$table$[[57$ efe of Econory,Probability of State of Iconowy,Portfolie Beturn$],[,,$if state Occurs$],[$fecession$,\mathrm{.}2$s$,-.21],[$Nornal$,.50,.16],[$Bace$,.25,.30]]$

Calculate the expected return.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$9.32\mathrm{.}36.$

Expectied rehum