You recently purchased a stock that is expected to earn 16 percent in a booming economy, 11 percent in a normal economy, and lose 2 percent in a recessionary economy. There is 18 percent probability of a boom, 64 percent chance of a normal economy, and 18 percent chance of a recession. What is your expected rate of return on this stock?

Click and drag the term to correspond with its correct definition. not all terms will be used. a market in which securities are bought and sold. a fund in which a company sets aside money to enable it to repay bonds on the bond's maturity date. securities that represent equity ownership in a corporation. a banker who deals primarily in underwriting new securities. a debt instrument not secured by collateral. the date on which an obligation, such as a bond, must be repaid in full. a debt investment in which an investor loans money to a corporation or government entity for a specific period of time at a fixed interest rate. a corporate decision to divide a company's existing shares into multiple shares. reset stock exchangesinking fundcommon stockinvestment bankerprogram tradingdebenture bondstock certificatematurity datebondsstock split