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GoPro stock is expected to earn 20% in a recession, 15% in a normal economy, and 5% in a booming economy. The probability of a
GoPro stock is expected to earn 20% in a recession, 15% in a normal economy, and 5% in a booming economy. The probability of a boom is 25% while the probability of a normal economy is 50% and the chance of a recession is 25%. What is the expected rate of return on this stock?
13.33%
10.00%
13.75%
10.50%
or None of the above
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