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Outcome Probability Return Boom 60% 30.8% Normal 25% 23.2% Recession 10% 12.8% Depression 5% 3.1% What is the arithmetic expected return on this asset? Please
Outcome Probability Return Boom 60% 30.8% Normal 25% 23.2% Recession 10% 12.8% Depression 5% 3.1% What is the arithmetic expected return on this asset? Please report your answer as a decimal, rounded to the nearest thousandth. An answer of 8.63% would be entered as 0.086, for example. 0.257
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