please show steps and explain how to get this answer

The following data applies to Questions 1 to 3 Consider two risky assets: a stock fund and a bond fund with the following probability distributions Scenario Probability Stock Return (%) Bond return (%) Severe recession 0.05 Mild recession 0.25 Normal growth 0.40 Boom What is the expected return for the bond fund? Your answer should be in percentage points and 40 -14 17 -9 15 8 -5 0.30 accurate to the hundredth