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Awuah is thinking about investing in the stock market. He has the following three stocks in mind. Stock A, B, and C. He understands that

Awuah is thinking about investing in the stock market. He has the following three stocks in mind. Stock A, B, and C. He understands that the economy could be in a state of recession, normal, boom, or in depression. He also estimates a likelihood of each scenario been identical. The possible return on each is given below

State of the economy

A

B

C

recession

10%

20%

5%

normal

30%

-12%

5%

boom

50%

9%

13%

depression

-20%

5%

-5%

What are the expected returns for stock A, B, and C respectively

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