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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession .21 -.02 Normal .35 .12 Boom

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Consider the following information: Probability of State of Rate of Return if State State of Economy Economy Occurs Recession .21 -.02 Normal .35 .12 Boom .44 .28 Calculate the expected return. Multiple Choice 16.74% 16.91% 15.30% Calculate the expected return. Multiple Choice 16.74% 16.91% 15.30% 2.53% 16.10%

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