USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
A financial analyst covering Magnum Oil has determined the following four possible returns given four different states of the economy over the next period.

-Refer to Exhibit 6.13. Calculate the expected return for Magnum Oil.

A) 5.0 percent
B) 10.3 percent
C) 13.7 percent
D) 17.5 percent
E) 20.0 percent