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To calculate the Expected Rate of Return for USR (US Rubber): Economy Prob. T-Bills. HT Recession 0.1 3.0% -29.5% Coll USR MP 24.5% 3.5%

  

To calculate the Expected Rate of Return for USR (US Rubber): Economy Prob. T-Bills. HT Recession 0.1 3.0% -29.5% Coll USR MP 24.5% 3.5% -19.5% 0.2 3.0% -9.5% 10.5% -16.5% -5.5% Below avg Average 0.4 3.0% 12.5% -1.0% 0.5% 7.5% Above avg 0.2 3.0% 27.5% -5.0% 38.5% 22.5% Boom 0.1 3.0% 42.5% -20.0% 23.5% 35.5%

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