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Noah's Landing stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock?

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Noah's Landing stock is expected to produce the following returns given the various states of the economy. What is the expected return on this stock? State of Economy Probability of State of Rate of Return Economy Recession 0.3 02? Normal 0.65 0.16 oom 0.05 0.35 ' A. 20.26 percent ' 3.4.23 percent ' C.5.47 percent ' D.4.51 percent ' E. 4.05 percent

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