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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 0.15 -0.23 Below Average
Stock A has the following returns for various states of the economy:
State of the Economy | Probability | Stock A's Return |
Recession | 0.15 | -0.23 |
Below Average | 0.16 | -0.01 |
Average | 0.16 | 0.09 |
Above Average | 0.21 | 0.15 |
Boom | 0.32 | 0.39 |
The total probability is 1
Stock A's expected return is Blank 1. Calculate the answer by read surrounding text. . Report in decimal form, to the nearest 0.01%. E.g., if your answer is 15.83%, record it as 0.1583.
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