Question: expected return compute the expected return given these three economic...
Question details
Expected Return Compute the expected return
given these three economic states, their likelihoods, and the
potential returns:
Economic State  Probability  Return 
Fast Growth  .2  30.0% 
Slow Growth  .5  6.00% 
Recession  .3  2.00% 
Multiple Choice

8.4%

19.0%

17.0%

9.6%