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Investor Bill Johnston is interested in the stock of Designs Unlimited. There is 8 percent probability of a slower than normal economy, 17 percent probability

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Investor Bill Johnston is interested in the stock of Designs Unlimited. There is 8 percent probability of a slower than normal economy, 17 percent probability of a normal economy, 51 percent probability of a better than average economy, and 24 percent probability of a fast growing economy. A stock has returns of -20.4 percent, 4 percent, 11.8 percent and 275 percent in these states of the economy, respectively. What is the stock's expected return? Multiple Choice 5.73% 14.93% O 10.69% 11.67%

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