Problem:
You are considering buying stock A. If the economy grows rapidly, you may earn 30% on the investment, while a declining economy could result in a 20% loss. Slow economic growth may generate a return of 6%. If the probability is 15 % for rapid growth, 20% for a declining economy , and 65% for slow growth,
Required:
Question: What is the expected return on this investment?
Note: Explain all steps comprehensively.