Question: Problem 13-6 Calculating Expected Return [LO1] Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .24

Problem 13-6 Calculating Expected Return [LO1] Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession .24 -20 Normal .49 .15 Boom 27 .29 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 3216.) Expected return %

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