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Fizzy - cola inc is a diversified company that sells soft drinks and snacks. A single share of Fizzy - Cola stock currently costs $

Fizzy-cola inc is a diversified company that sells soft drinks and snacks. A single share of Fizzy-Cola stock currently costs $48.00. You believe that if the economy remains strong this year Fizzy-Cola stock will have a return, oveer the next year, of 28%. If the economy weakens slightly, but avoids a major recesion, Fizzy-Cola stock will go up by 10% for the year. If the economy enters a recession, the stock will decline by 22%. You believe there is a 40% chance the economy will remain strong, a 40% chance the economy will weaken slightly (with no major recession), and a 20% chance the economy will enter a recession. Based on your estimates, what is the expected value of the price of a share of Fizzy-Cola stock in one year?

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