Use the following information on states of the economy and stock returns to calculate the expected return for Dingaling Telephone: (D answer as a percent rounded to 2 decimal places.) State of Economy Recession Normal Boom Probability of State of Economy 0.30 0.55 0.15 Security Return if State Occurs -2.4% 9.0 16.7

Use the followng information on states of the economy and stock returns to calculate the expected return for Oingaling Telephone: answer as a percent rounded to 2 decimal places.)