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A Bernard Companies share has an expected return of 9.5%. The share is expected to return 11% in a normal economy and 13.4% in a

A Bernard Companies share has an expected return of 9.5%. The share is expected to return 11% in a normal economy and 13.4% in a boom. The probabilities of a recession, normal economy and a boom are 10%, 84% and 6%, respectively. What is the expected return if the economy is in a recession? Select one: a. -5.44% b. -2.97% c. -2.46% d. -10.98% e. -6.98%

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