Round to 2 decimal places

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 20%, the probability of a stagnant economy is 47%, and the probability of a recession is 23%. Estimate the expected returns on the following individual investments for the coming year, EE 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. Investment Stock Corporate bond Government bond Boom 21% 9% 8% Forecasted Returns for Each Economy Stable Growth Stagnant 15% 4% 8% 6% 5% Recession - 15% 4% 3% 7%