Question: Question 20 (3 points) Use the information shown in the table. What is the expected rate of return? Enter your answer in the box shown
Question 20 (3 points) Use the information shown in the table. What is the expected rate of return? Enter your answer in the box shown below as a decimal number (not as a percentage) with 4 digits to the right of the decimal point. State of Economy Probability of State Rate of Return if State Occurs Recession 0.2 -0.20 Normal 0.5 0.13 Boom 0.3 0.28 Your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
