You have been assigned to examine the following funds with their respective probabilities:

		Stock Fund X	Stock Fund Y
Scenario	Probability	Rate of Return (%)	Rate of Return (%)
Severe recession	0.05	-5	11.2
Mild recession	0.15	-1.6	3.3
Normal growth	0.55	7.7	0.5
Boom	0.25	16.3	-4.1

Calculate the expected return of a portfolio that invests 55% on stock fund X and 45% on stock fund Y.

Remember to state your answer as a percentage. For example, 99.99%.