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Expected return. Hull Consultants, a famous think tank in the Midwest, has provided probability estimatos for the four potential economic states for the coming year

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Expected return. Hull Consultants, a famous think tank in the Midwest, has provided probability estimatos for the four potential economic states for the coming year The probability of a boom economy is 15%, the p bability of a stable growth e on my is 17%, the probability of a stagnant e nomy is 52% and the probability of a Stable Growth 12% Stagnant Inv Stock -10% 27% 6% 5% 6% What is the expected return of the stock investment? (Round to two decimal places.)

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