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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

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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 the following table: . The probability of a boom economy is 24%, the probability of a stable growth economy is 43%, the probability of a stagnant economy is 24%, 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.) (Click on the following icon D in order to copy its contents into a spreadsheet.)

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