Expected return. Hull Consultants, a famous think tank in the Midwest, has provided probability estimates for the four potential economic states for the coming year. The probability of a boom economy is 12%, the probability of a stable growth economy is 18%, the probability of a stagnant economy is 55%, and the probability of a recession is 15%. Estimate the expected returns on the following individual investments for the coming year, Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box, only apply for the answers you will type.

Investment	Boom	Stable Growth	Stagnant	Recession
Stock	20%	10%	3%	-15%
Corporate Bond	10%	8%	6%	4%
Government Bond	9%	7%	5%	3%

What is the expected return of the stock investment?

what is the expected return of the corporate bond?

what is the expected return of the government bond?