Question: Based on the following information, the expected return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g.,

 Based on the following information, the expected return is percent. (Do

Based on the following information, the expected return is percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16)) State of Probability of State Portfolio Return if Economy of Economy State Occurs Recession 0.2 --0.03 Normal 0.45 0.15 Boom 0.35 0.32

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