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Question 28 8.58 pts Paulie invested $20,000 in ABC Corp. and $60,000 in DEF Corp. the return percentages of ABC Corp. and DEF Corp. will
Question 28 8.58 pts Paulie invested $20,000 in ABC Corp. and $60,000 in DEF Corp. the return percentages of ABC Corp. and DEF Corp. will vary as shown in the information below: State of Economy Probability of State ABC Return DEF Return Boom 0.20 14% 8% Good 0.30 12% 8% Poor 0.30 6% 6% Bust 0.20 -10% 6% What is the expected return of Paulie's investment? O 6.80% O 7.30% O 6.95% 6.67% O 6.70%
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