Problem $13-6$ Calculating Expected Return $[$LO$1]$

$10$ points

eBook

Hint

References

Consider the following information:

$\backslash$table$[[$State of$,\backslash$table$[[$Probability of$],[$State of$],[$Economy$]],\backslash$table$[[$Portfolio$],[$Return if State$],[$Occurs$]]],[$Recession$,\mathrm{.}15,-\mathrm{.}11],[$Normal$,\mathrm{.}51,\mathrm{.}12],[$Boom$,\mathrm{.}34,\mathrm{.}20]]$

Calculate the expected return. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Expected return

Expected return