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Expected return. Bacon and Associates, a famous Northwest think tank , has provided probability estimates for the four potential economic states for the coming year

Expected return. Bacon and Associates, a famous Northwest think tank, has provided probability estimates for the four potential economic states for the coming year in the following table: LOADING.... The probability of a boom economy is 22%, the probability of a stable growth economy is 40%, the probability of a stagnant economy is 20%, and the probability of a recession is 18%. Estimate the expected returns on the following individual investments for the coming year.Expected return. Bacon and Associates, a famous Northwest think tank, has provided probability estimates for the four potential economic states for the coming year in the
following table:
recession is 18%. Estimate the expected returns on the following individual investments for the coming year.
What is the expected return of the stock investment?
%(Round to two decimal places.)
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