There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return? There is 11 percent probability of recession, 14 percent probability of a poor economy, 52 percent probability of a normal economy, and 23 percent probability of a boom. A stock has returns of 20.1 percent, 3.7 percent, 11.5 percent and 27.2 percent in these states of the economy, respectively. What is the stock's expected return?