A stock analyst believes that a stock will earn the following returns next period depending on the state of the economy. Given the probabilities of each state of the economy, what is the expected return on the stock? State of Economy Probability Return if State Occurs Depression 20% -16% Normal 65% 11% Boom 15% 20% Enter answer in decimal form, rounded to 4th digit, as in "0.1234"

Question 11 3.34 pts A stock analyst believes that a stock will earn the following returns next period depending on the state of the economy. Given the probabilities of each state of the economy, what is the expected return on the stock? State of Economy Probability Return if State Occurs Depression 20% -16% Normal 65% 11% Boom 15% 20% Enter answer in decimal form, rounded to 4th digit, as in "0.1234