Question: A share has the following expected returns: In a boom economy, the return on the share is estimated to be - 1 0 % .

A share has the following expected returns:
In a boom economy, the return on the share is estimated to be -10%. There is a 35% chance there will be a boom economy.
In a normal economy, the return is estimated to be 12%. There is a 45% chance there will be a normal economy.
In a recession economy, the return is estimated to be 30%. There is a 20% chance there will be a recession economy.
Given this information, what is the expected return for this share?
a)7.9%
b)10.7%
c)12%
d)14.9%
A share has the following expected returns: In a

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