Midwest Fastener Supply Stock Is Expected to Return 16 Percent

question 6

Multiple Choice

Midwest Fastener Supply stock is expected to return 16 percent in a booming economy, 12percent in a normal economy, and -3 percent in a recession.The probabilities of an economic boom, normal state, or recession are 12 percent, 80 percent, and 8 percent, respectively.What is the expected rate of return on this stock?

• A)11.28 percent
• B)10.67 percent
• C)10.95 percent
• D)11.91 percent
• E)11.70 percent

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