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There is 1 0 percent probability of recession, 1 5 percent probability of a poor economy, 4 5 percent probability of a normal economy, and

There is 10 percent probability of recession, 15 percent
probability of a poor economy, 45 percent probability of a normal
economy, and 30 percent probability of a boom. A stock has returns
of 19.2 percent, 2.8 percent, 10.6 percent and 26.3 percent in
these states of the economy, respectively. What is the stock's
expected return?15.00%10.23%11.16%13.08%5.13%

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