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Researchers forecast the possible five economy states and their probabilities for the year 2024 as shown below. Also provided are the Stock return estimates in

Researchers forecast the possible five economy states and their probabilities for the year 2024 as shown below. Also provided are the Stock return estimates in each of those five economic states.

Economy State Probability Stock ReturnsBig Recession 0.25-27.0%Mild Recession 0.35-7.0%Normal 0.2015.0%Mild Boom 0.1030.0%Mega Boom 0.1045.0%

How much is the expected stock return in the year 2024? Enter your answer in the following format: + or - 0.1234 Hint: The answer is between 0.0125 and 0.0339

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