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Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs Recession .19 .13 Normal .55 .15 Boom .26
| Consider the following information: |
| State of Economy | Probability of State of Economy | Portfolio Return If State Occurs | ||||
| Recession | .19 | .13 | ||||
| Normal | .55 | .15 | ||||
| Boom | .26 | .35 | ||||
| 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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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
