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 22%, the probability of a stable growth economy is 45%, the probability of a stagnant economy is 20%, and the probability of a recession is 13%. 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.) X Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Forecasted Returns for Each Economy Stable Growth 12% Boom Stagnant Investment Stock 20% 7% Corporate bond 10% 8% 6% Government bond 9% 7% 5% Print Done Recession - 12% 4% 3%