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Economic State Probability Percentage of Return Fast Growth 0.10 60 Slow Growth 0.50 30 Recession 0.40 -23 Based on the probability and percentage of return
| Economic State | Probability | Percentage of Return |
|---|---|---|
| Fast Growth | 0.10 | 60 |
| Slow Growth | 0.50 | 30 |
| Recession | 0.40 | -23 |
Based on the probability and percentage of return for the three economic states in the table below, compute the expected return.
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Commodity Finance
Authors: Weixin Huang
2nd Edition
0857196650, 978-0857196651
