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The following table presents forecasted returns for three companies under various potential states of the economy: State Probability Stock X Stock Y Stock Z Above

The following table presents forecasted returns for three companies under various potential states of the economy:

State Probability Stock X Stock Y Stock Z
Above Average 10% 37.2% 26.5% 44.2%
Average 45% 18.9% 7.9% 13.7%
Below Average 30% -2.8% -4.0% -7.0%
Recession 15% -11.7% -6.0% -15.5%
Weight 55% 30% 15%

What is the expected return on a portfolio of these three companies constructed according to the weights given in the table? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations).

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