Consider the following information: State of Probability of State Rate of Return if State of Economy Occurs Economy Recession Normal Boom .18 .47 .35 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 -.11 .13 .32 %

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