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Economy Probability Big Bang CS Recession 0.15 -10% Below Avg 02 0% Average 04 15% Above Avg 0.15 20% Boom 28% Goldbergs CS 5% 0%

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Economy Probability Big Bang CS Recession 0.15 -10% Below Avg 02 0% Average 04 15% Above Avg 0.15 20% Boom 28% Goldbergs CS 5% 0% 20% 30% 40% Emoji CS Market 15% -8% 10% P 0% 10% -5% -15% 25% 19% 0.1 1. Calculate the expected return for Big Bang CS

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