American Standard Corp. (AS) offers the following returns next year. What is the expected rate of...

American Standard Corp. (AS) offers the following returns next year. What is the expected rate of return? (round to two decimals. Your answer should be in the form (##.## %) and should include a negative if appropriate)

Scenario	Probability	AS returns
Boom	25%	-9%
Normal economy	50%	-13%
Recession	25%	5%

Expert Solution

jeff jeffy answered 3 years ago

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