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Consider the following information: State of Economy Probability of State of Economy Portfolio Return If State Occurs Recession .15 .11 Normal .51 .12 Boom .34
Consider the following information: |
State of Economy | Probability of State of Economy | Portfolio Return If State Occurs | ||||
Recession | .15 | .11 | ||||
Normal | .51 | .12 | ||||
Boom | .34 | .20 | ||||
|
Calculate the expected return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Expected return | % |
Calculate the expected return. |
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