Consider the following information: State of Economy Probability of Portfolio Return State of If State Occurs Economy Recession Boom .28 .72 - .18 .22 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 %
Consider the following information: State of Economy Probability of Portfolio Return State of If State Occurs Economy Recession Boom .28 .72 - .18 .22 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 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Consider the following information: 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
Transcribed Image Text:Consider the following information:
State of
Economy
Probability of
Portfolio Return
State of
If State Occurs
Economy
Recession
Boom
.28
.72
-
.18
.22
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
%
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