Four probable states of the economy may prevail next year. Below are the returns on the stocks of ABC and XYZ companies under each of the probable states and the probabilities for each state.

State of Economy	Probability	ABC Stock	XYZ Stock
Severe Recession	15.00%	10.00%	-5.00%
Mild Recession	30.00%	8.00%	-2.00%
Slow Growth	35.00%	-4.00%	11.00%
Moderate Growth	20.00%	-8.00%	22.00%

1.Given the probabilities for the four possible economic conditions, calculate the expected return for ABC stock. (Enter your answer as a percentage, not in decimal form. E.g. 15% should be entered as 15.00 and not as 0.15)

2. Given the probabilities for the four possible economic conditions, calculate the expected return for XYZ stock. (Enter your answer as a percentage, not in decimal form. E.g. 15% should be entered as 15.00 and not as 0.15)