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There are two possible outcomes: good and bad. In the good outcome, your portfolio has an expected return of 22 percent. In the bad outcome,

There are two possible outcomes: good and bad. In the good outcome, your portfolio has an expected return of 22 percent. In the bad outcome, your portfolio has an expected return of 7 percent. The probability of a good outcome is 0.27. What is your portfolio expected return? Answer in percent to 2 decimal places and do not include the % sign. For example, if the return is 2.04%, you should enter 2.04 as the answer.

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