Consider the following information: State of Economy Recession Normal Boom Probability of State of Economy 0.11 0.35 0.54 Rate of Return If State Occurs -0.06 0.12 0.33 Required: Calculate the expected return. 21.36% 0 2.60% O 22.21% O 22.43% 0 20.29% Check my work 2020 McGraw-Hill Education