Question: Problem 13-5 Portfolio Expected Return [LO1] Consider the following information: State of Economy Recession Boom Probability of State of Economy 0.32 0.68 Portfolio Return if

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

Problem 13-5 Portfolio Expected Return [LO1] Consider the following information: State of Economy Recession Boom Probability of State of Economy 0.32 0.68 Portfolio Return if State Occurs - 0.17 0.23 Calculate the expected return. (Round your answer to 2 decimal places. (e.g., 32.16)) Expected return

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