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Score: 0 of 1 pt 4018(2 complete) HW Score: 12.5%, 1 of 8 pt P8-15 (similar to) Question Help Expected return Hull Consultants, a famous

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Score: 0 of 1 pt 4018(2 complete) HW Score: 12.5%, 1 of 8 pt P8-15 (similar to) Question Help Expected return Hull Consultants, a famous think tank in the Midwest has provided probability estimates for the four potential economic states for the coming year. The probability of a boom economy is 13%, the probability of a stable growth economy is 19%, the probability of a stagnant economy is 54%, and the probability of a recession is 14%. Estimate the expected retums on the following individual investments for the coming year Stable Growth Boom 20% 9% 8% Inv 15% 7% 6% 6% 5% 4% -15% 3% 2% Stock rate bond Government bond Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box, only apply for the answers you will type. What is the expected return of the stock investment? % (Round to two decimal places.)

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