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% 38.6% 25.9% 44.9% Average 45% 15.2% 8.5% 11.4% Below Average 30% -1.8% -4.0% -7.0% Recession 15% - 10.8% -6.0% -16.0% 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)