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If the economy prospers, shares of Fitbit (ticker symbol: FIT) are expected to return 10%. But, if the economy falters, shares of Fitbit are expected

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If the economy prospers, shares of Fitbit (ticker symbol: FIT) are expected to return 10%. But, if the economy falters, shares of Fitbit are expected to return 4%. According to equity analysts at Bank America, over the next year, there is a 63% chance of an economic upturn and a 37% likelihood of an economic downturn. Given this information, Fitbit has a variance of returns equal to: Multiple Choice 0.001465 o 0.000778 O 0.000222 0.000839 o o 0.028138

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