Question 15 (5 points) Consider the following information for a stock Probability of Economy State of Rate of Return Economy Rapid growth .20 45% Normal growth .70 20% Recession .10 -35% What is the expected return (in percentage) for this stock? Instruction: Answer should be in percentage and rounded to two decima not include the % sign. Chapter 8 NPV = CF, (1 + R) CF CF PI(1) CF| OPI = 1+ NPV ICFO NPV = CF, (1 + IRRE - CF, = 0 Chapter 11 Expected returns R) - R Variance Portfolio Expected Reims -PIR-E(R) 308) - ZER)