Problem 11-1 Expected Returns (LO1, CFA1) Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) State of Economy Recession Normal Boom Probability Security of Return State of if State Economy Occurs 0.45 -5.00% 0.40 12.00 9.15 16.00 Expected return %