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You are trying to make your best guess about next year's return on Snapchat's stock, using the following information that is available to you today:

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You are trying to make your best guess about next year's return on Snapchat's stock, using the following information that is available to you today: If Snapchat is very profitable, the return next year will be 17%. This is a 23 percent likely scenario. If Snapchat does alright, the return next year will be 8%. This is a 51 percent likely scenario. If Snapchat does poorly, the return next year will be -13%. This scenario will happen with the remaining likelihood. Calculate Snapchat's next year's expected return. Type your answer in %, but do NOT use the "%" sign. For example, if you got 12.34%, put simply 12.34. Round your answer to TWO decimal places

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