Homework: Homework 8 Save HW Score: 78.18% , 43 of 55 pts Score: 0 of 4 pts 7 of 13 (10 complete) P8-15 (similar to) EQuestion Help Expected return. Hll 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 11%, the probability of a stable growth economy is 15% , the probability of a stagnant economy is 52 % , and the probability of a recession is 22 %. Estimate the expected returns on the following individual investments for the ocoming year. Forecasted Returns for Each Economy Stable Investment Growth Boom Stagnant Recession Stock 23% 13% 6% 11% Corporate bond 9% 7% 6% 4% Government bond 8% 6% 5% 3% Hint: Make sure tn nund all intermediate caiculatinne to at least seven (71 decimal nlaras The innut inetnictions nhrasns in narenthesis What is the expected return of the stock investment? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. ? 2 parts Clear All remaining Check Answer Auu