Use the following information for the question below

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

State of the Economy Probability Stock W's Return

Recession 30% -10%

Moderate Growth 40% 2%

Boom 30% 15%

Stock W's expected rate of return is

	1.	2.0%
	2.	2.3%
	3.	2.1%
	4.	1.9%