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15 Problem 13-5 Calculating Expected Return [LO1] Consider the following information: 0.88 points eBook State...

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15 Problem 13-5 Calculating Expected Return [LO1] Consider the following information: 0.88 points eBook State of Economy Recession Boom Probability of State of Economy .27 .73 Portfolio Return if State Occurs -.12 .22 Hint Ask Calculate the expected return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) References Expected return %

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