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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. Omit the'%" sign in your response.) State of Economy Recession Normal Boom Probability of State of Economy Security Return If State Occurs 25 .20 .55 -6.00% 11.00 20.00 Expected return

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