State of Economy Probability ABC Company Expected Return XYZ Company Expected Return Very Poor 0.1 -15% -9% Poor 0.1 -8% -8% Good 0.1 14% 14% Very Good 0.7 34% 23% Expected Return 22.9% 15.8% A) Calculate the expected return of the portfolio if 40% is invested in XYZ. (1 Mark) Please answer as a decimal to 4 decimal places.