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You have forecasted that there are 3 possible future states of the world. The good state will occur 30% of the time. The so-so state

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You have forecasted that there are 3 possible future states of the world. The good state will occur 30% of the time. The so-so state will occur 50% of the time and the bad state will occur 20% of the time. You believe ABC's stock return in the good state will be 31.70%. In the so-so state you believe that ABC stock will have a return of 13.20%. In the bad state, ABC will have a return of -13.50%. What is ABC's expected return? Your answer should be accurate to two decimal places and it should be recorded as a percentage. Therefore, 1.2348392 would be recorded as 123.48. Your

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