You own a portfolio with the following expected returns given the various states of the economy. What is the overall portfolio expected return?

A. 6.3%; B.6.8% ; C. 7.6% ; D. 10.0% ; E. 10.8%

State of Economy Boom Normal Recession Probability of State of Economy 15% 60% 25% Rate of Return if State Occurs 18% 11% -10%