Homework: Chapter 8 Homework Save 5 of 9 (0 complete) HW Score: 0%, 0 of 9 pts Score: 0 of 1 pt P8-15 (similar to) Question Help Expected return. Hull Consultants, a famous think tank in the Midwest, has provided probability estimates for the four potential economic states for the coming year. The probability of a boom economy is 10%, the probability of a stable growth economy is 16%, the probability of a stagnant economy is 45%, and the probability of a recession is 28%. Estimate the expected returns on the following individual investments for the coming year. Investment Stock Corporate bond Government bond Boom 26% 9% Forecasted Returns for Each Economy Stable Growth Stagnant 10% 2% 791 Recession -13% 4% 8% 4% 398 Hint: Make sure to round all intermediate calculations to at least seven (7) decimal places. The input instructions, phrases in parenthesis after each answer box, only apply for the answers you will type. What is the expected return of the stock investment? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. parts 2 remaining Clear All Check Answer Chack Answers