Award: $5\mathrm{.}00$ points

Consider the following information:

$\backslash$table$[[,\backslash$table$[[$Probability of State of$],[$State of Economy$]],$Rate of Return if State Occurs$],[$Recession$,\mathrm{.}24,-\mathrm{.}10],[$Normal$,\mathrm{.}46,\mathrm{.}12],[$Boom$,\mathrm{.}30,\mathrm{.}31]]$

Calculate the expected return.

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Expected return

$\%$