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Click to see additional instructions Stock Y's future returns follow the following probability distribution. A down market has probability of 0.10, Y's return in a
Click to see additional instructions Stock Y's future returns follow the following probability distribution. A down market has probability of 0.10, Y's return in a down market is -20%; a normal market has probability of 0.5, Y's return in a normal market is 10%; an up market has probability of 0.40, Y's return in an up market is 10%. What is Stock Y's expected rate of return? (Answer should be in percentage terms. Don't type the % sign. E.g., if your answer is 15%, type 15.)
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