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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations.

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Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) State of Economy Recession Normal Boom Probability of State of Economy .de .25 .35 Security Return if State Occurs -4.50% 14.00 26.00 Answer is complete but not entirely correct. Expected return 10.55

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