You own a portfolio with the following expected returns given the various states of the economy What is the overall portfolio expected return? State of Economy Boom Normal Recession Probability of State of Economy 15% 60% 25% Rate of Return if State Occurs 18% 11% -100 Multiple Choice 6.3% 6.8% Activity 6.3% 6.8% 10.8% 10.0% 7.6%