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Economic Scenario Probability Stock Market Return 5% 35% Booming Good 10% 20% Slow Growth 20% 5% No Growth 30% 1% Negative Growth 20% -5% Recession

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Economic Scenario Probability Stock Market Return 5% 35% Booming Good 10% 20% Slow Growth 20% 5% No Growth 30% 1% Negative Growth 20% -5% Recession 10% -15% Depression 5% -25% Given these market scenarios, what is the expected return of the market? O 16% 5.8% 20% 1.3%

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