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Consider the following: State of the economy next period Bad Average Good Probability of that state 0.2 0.5 0.3 Go Forward Corp's predicted return in
Consider the following:
State of the economy next period | Bad | Average | Good |
Probability of that state | 0.2 | 0.5 | 0.3 |
Go Forward Corp's predicted return in that state | -12.5% | 10.8% | 20.2% |
What is the overall expected return for Go Forward Corp next period? Answer to 1 decimal point in units of percent (thus for13.48% enter 13.5)
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