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Suppose that the future course of the economy is captured by the following scenarin: State of the Economy Scenario, Probability) HPR (%) Boom P1% %

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Suppose that the future course of the economy is captured by the following scenarin: State of the Economy Scenario, Probability) HPR (%) Boom P1% % Normal Growth P2% Recension 3 3X If scenario probabilities are P1%0.3, P2% 0.4, P3%.0.3, and the associated returns of an investment are r1%-0.17,12%-0.13, -3% -0.1. Calculate the expected return En %

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