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

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Expected return. Bacon and Associates, a famous Northwest think tank, has provided probablity estimates for the four potential economic states for the coming year in the following table: The probability of a boom economy is 22%, the probability of a stable growth economy is 41%, the probability of a stagnant economy is 21%, and the probability of a recession is 16%. 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.) Data table (Click on the following icon P in order to copy its contents into a spreadsheet.)

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