expected return portfolio

/in /by

Based on the following information, the expected return is  percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

State of
Economy		 Probability of State
of Economy		 Portfolio Return if
State Occurs
 Recession 0.2   –-0.06  
 Normal 0.35   0.13  
 Boom 0.45   0.25