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Stock A has the following returns for various states of the economy: State of the Economy Probability Stock A's Return Recession 0.07 -0.25 Below Average
Stock A has the following returns for various states of the economy:
State of the Economy | Probability | Stock A's Return |
Recession | 0.07 | -0.25 |
Below Average | 0.18 | -0.1 |
Average | 0.22 | 0.11 |
Above Average | 0.22 | 0.18 |
Boom | 0.31 | 0.42 |
The total probability is 1
Stock A's expected return is _______
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