Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy .24 45 .31 Rate of Return if State Occurs -.09 11 -.30 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 %

Consider the following information: 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.)