1. Ajax common stock is expected to return 17 percent in a boom economy, 11 percent in a normal economy, and 2 percent i

Ajax common stock is expected to return 17 percent in a boom economy, 11 percent in a normal economy, and 2 percent in a recession. The probability of a boom is 25 percent, of a normal economy is 70 percent, and of a recession is 5 percent. What is the expected return on this stock? Please see attachment. Total 10 questions. Will pay $20.00 total. Must show work.