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MC algo 11-11 Expected Returrn There is 3 percent probability of recession, 12 percent probabil y of a poor economy, 50 percent probabl ity of

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MC algo 11-11 Expected Returrn There is 3 percent probability of recession, 12 percent probabil y of a poor economy, 50 percent probabl ity of a normal economy, and 25 percent probabty of a boom. A stock has eturns of-19.9 percent, 3.5 percent. 11.3 percent and 27 percent in these states of the economy, respectively. What is the stock's expected return? Mutiple Choice 12 82% 15 41% 10.23% 5 48% 9.38%

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