Question 7 (10 points) An analyst expects to see only 3 possible economy conditions next year: recession (prob: 22%), normal (prob: 48%), and boom (prob: 30%). The portfolio that the analyst is managing will yield-12% return in recession, 14% return in normal, and 33% return in boom, what is the expected return of the portfolio? 1) 0.1458 2) 0.1398 3) 0.1138 4) 0.1258 Previous PapeNest Pa Page 7 of 20 Next Pagi Submit Qulr 0 of 20 guestions saved