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A stock is expected to return +10% in a Strong economy, +5% in an Average economy, and lose 2% in a Recession. The probability of
A stock is expected to return +10% in a Strong economy, +5% in an Average economy, and lose 2% in a Recession. The probability of a Strong economy is 20%, and the probability of an Average economy is 55%. What is the expected return of this stock? ENTER YOUR ANSWER AS A DECIMAL. YOUR ANSWER SHOULD BE IN 2 DECIMAL PLACES WITH no % SYMBOL(i.e. 7.75% = 7.75). Numeric Response
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