Question: S13-06 Calculating Expected Return (LO1) Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .10 .60 .30 Portfolio Return

 S13-06 Calculating Expected Return (LO1) Consider the following information: State of

S13-06 Calculating Expected Return (LO1) Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .10 .60 .30 Portfolio Return if State. Occurs -17 .08 .27 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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