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There is a 1 6 . 6 5 % probability of an average economy and a 8 3 . 3 5 % probability of an

There is a 16.65% probability of an average economy and a 83.35% probability of an above average economy. You invest 22.25% of your money in Stock S and 77.75% of your money in Stock T. In an average economy the expected returns for Stock S and Stock T are 14.52% and 12.79%, respectively. In an above average economy the the expected returns for Stock S and T are 13.88% and 15.18%, respectively. What is the expected return for this two stock portfolio? (2.0 points) Please write your answer as percentage (e.g..1234 should be written as 12.34):
Expected Return: %
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