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The return predictions of a portfolio of stocks, given various economic outcomes, are shown in the table below. What is the portfolio's expected return? (Round
The return predictions of a portfolio of stocks, given various economic outcomes, are shown in the table below. What is the portfolio's expected return? (Round your answer to the nearest one- hundredth of a percent. Do not enter the percentage symbol. 
State of Economy Probability of State of Economy Expected Return Bust 0.23 -2.0% Normal 0.62 5.5% Boom 0.15 14.0%
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
