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Consider the following information: State i Probability of State i Actual Return of Ford Inc Boom 37 % 20 % Normal 21 % 11 %
Consider the following information:
| State i | Probability of State i | Actual Return of Ford Inc |
|---|---|---|
| Boom | 37 % | 20 % |
| Normal | 21 % | 11 % |
| Bust | 42 % | 2 % |
What is the expected Return of Ford Inc? (Answer as a percentage, and round to 2 decimal places.)
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
