The return on shares of Fast Transportation Company is predicted
under the following various economic conditions:
Recession -0.11
Normal +0.09
Boom +0.20
If each economic state has the same probability of occurring
(33.33%), what is the expected return of the stock?
*Place your answer in decimal form with four decial points. That is, an answer of fifteen and two-thirds would be inputted as .1567. |
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
JUST WRITTEN IN EXCEL, NO EXCEL FUNCTION IS USED
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