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You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? begin{tabular}{|c||c|c|} hline

image text in transcribed You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? \\begin{tabular}{|c||c|c|} \\hline State of Economy & Probability of State of Economy & Return if State Occurs \\\\ \\hline \\hline Boom & \21 & \25.0 \\\\ \\hline \\hline Normal & \69 & \12.0 \\\\ \\hline Recession & \10 & \16.0 \\\\ \\hline \\end{tabular}

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