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State of Economy Depression Recession Normal Boom Probability of State of Economy 0.15 0.3 0.45 Rate of Return if State Occurs -0.148 0.031 0.162 0.348

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State of Economy Depression Recession Normal Boom Probability of State of Economy 0.15 0.3 0.45 Rate of Return if State Occurs -0.148 0.031 0.162 0.348 0.1 Given the information above, calculate the expected return. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.)

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