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 Probability of Rate of Return Economy State of Economy if State Occurs Boom .25 .185 Normal .60 .143 Bust .15 .032 14.49 percent 14.64 percent 13.87 percent 13.69 percent 14.23 percent

You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? 14.49 percent 14.64 percent 13.87 percent 13.69 percent 14.23 percent You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return? 14.49 percent 14.64 percent 13.87 percent 13.69 percent 14.23 percent