Question: Samuel estimates that there are three possible return outcomes for a stock he is considering for purchase. He thinks that there is a 4 5

Samuel estimates that there are three possible return outcomes for a stock he is considering for purchase. He thinks that there is a 45% chance the economy will boom and his stock will return 24%, a 23% chance the economy: and the stock will return 9% and a 32% the economy will fall into a recession and the stock will yield -10%. Given this, what is Samuel's expected return on this stock he is considering for purchase? 9.67%11.60%20.05%O 16.71%13.92%

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