Consider the following information:

State of Economy Probability of State of Economy Rate of Return if State Occurs

Recession $\mathrm{.}11\mathrm{.}05$

Normal $\mathrm{.}65\mathrm{.}13$

Boom $\mathrm{.}24\mathrm{.}30$

Calculate the expected return.

Multiple Choice

$15\mathrm{.}70\%$

$15\mathrm{.}10\%$

$15\mathrm{.}86\%$

$2\mathrm{.}53\%$

$14\mathrm{.}34\%$