Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession .20 – .09 Normal .45 .11 Boom .35 .30 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.) Expected return %
can you guys exlpain the answer and put it in decimal form