Question: You have predicted four different expected returns for four different scenarios of market volatility. You believe that there is a 15% chance of a boom

 You have predicted four different expected returns for four different scenarios

You have predicted four different expected returns for four different scenarios of market volatility. You believe that there is a 15% chance of a boom in the economy, a 65% chance of the economy being stable, a 15% chance of a slow down and 5% chance of a recession. During a boom in the economy you believe the stock would provide a 13.5% return, an 8.5% return in a stable economy, a 3.2% return in a slow down and a -0.5% return in a recession. What is the expected return for this tock? please show your calculation

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