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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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