In: Finance
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% |