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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 9% -0.69 Below Average

Stock A has the following returns for various states of the economy:

State of the Economy Probability Stock A's Return
Recession 9% -0.69
Below Average 16% -0.11
Average 51% 0.076
Above Average 14% 0.11
Boom 10% 0.22

Stock A's expected return is

Instruction: Type your answer as a decimal, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number .011, neither 0.0106465, 0.0106, nor 1.065. Otherwise, Blackboard will treat it as a wrong answer.

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