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Calculate the expected return on stock of Acme Inc. State of Economy Probability of State Percentage of Returns Economic recession 29% -7.2% Steady Economic growth 45% 5% Boom Please calculate it 11.3% Round the answer to two decimal places in percentage form.

Calculate the expected return on stock of Acme Inc.

State of Economy                                            Probability of State                         Percentage of Returns
Economic recession                                        29%                                                        -7.2%
Steady Economic growth                              45%                                                        5%
Boom                                                                    Please calculate it                             11.3%

Round the answer to two decimal places in percentage form.

 
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