Consider the following information: State of Economy Probability of
State of Economy Portfolio Return
If State Occurs
Recession .20 − .14
Normal .45 .10
Boom .35 .36

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.)

Abank manager wants to encourage new customers to open accounts with principals of at least $2,500. he decides to make a poster advertising a simple interest rate of 3%. what must the principal be if the bank manager also wants to advertise that one can earn $10 the first month? can the poster correctly say, "open an account of $2 comma 500 and earn at least $10 interest in 1 month! "?