Question: Problem 13-6 Calculating Expected Return (LO1) Consider the following information: Probability of State of Economy State of Economy Recession Normal Boom Portfolio Return if State

Problem 13-6 Calculating Expected Return (LO1) Consider the following information: Probability

Problem 13-6 Calculating Expected Return (LO1) Consider the following information: Probability of State of Economy State of Economy Recession Normal Boom Portfolio Return if State Occurs -.12 .13 .21 .16 .52 .32 Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %

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