Question: Samuel estimates that there are three possible return outcomes for a stock he is considering for purchase. He thinks that there is a 2 2

Samuel estimates that there are three possible return outcomes for a stock he is considering for purchase. He thinks that there is a 22% chance the economy will boom and his stock will return 24%, a 17% chance the economy will continue at its current pace and the stock will return 9% and a 61% the economy will fall into a recession and the stock will yield -2%. Given this, what is Samuel's expected return on this stock he is considering for purchase?
3.23%
4.66%
2.70%
5.59%
3.88%
 Samuel estimates that there are three possible return outcomes for a

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