Consider the following information: State of Economy Recession Boom Probability of State Rate of Return if State of Economy .27 Occurs .73 Expected return Calculate the expected return. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. -.11 .23 %

Consider the following information Calculate the expected return. Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16