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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:
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 21%. - If Snapchat does alright, the return next year will be 8%. - If Snapchat does somewhat below its recent annual average performance, the return next year will be 0%. - If Snapchat does poorly, the return next year will be 3%. - If Snapchat faces its worst case scenario, the return next year will be 20%. - All of the above scenarios are equally likely. Calculate Snapchat's next year's expected return. If your answer is negative, don't forget to put the minus sign! Type your answer in percent, but do NOT use the "\%" sign. Round your answer to TWO decimal places. For example, if you got 12.34%, put simply 12.34
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