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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 in

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: . The probability of a boom economy is 25%, the probability of a stable growth economy is 44%, the probability of a stagnant economy is 22%, and the probability of a recession is 9%. 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 in order to copy its contents into a spreadsheet.)
\table[[Investment,Forensted Retums for Dach Dconomy],[Boom,\table[[Srible],[Growth]],Stagnant:,Recession],[Stock,20%,14%,2%,-15%
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