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Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession 0.19 -0.15 Normal 0.55 0.16 Boom 0.26

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Consider the following information: State of Probability of Portfolio Return Economy State of Economy If State Occurs Recession 0.19 -0.15 Normal 0.55 0.16 Boom 0.26 0.24 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 0 %

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