Question $5$

Security Analysts that have evaluated Concordia Corporation, have determined

that there is a $15$ percent chance that the firm will generate earnings per share of

$$2\mathrm{.}6$; a $60$ percent probability that the firm will generate earnings per share of

$$3\mathrm{.}1$; and a $25$ percent probability that the firm will generate earnings per share of

$$3\mathrm{.}74.$ What are the expected earnings per share for Concordia Corporation?

$($Round to the nearest $0\mathrm{.}01.$ and DO NOT use a Dollar sign.$)$