(Answered) You recently purchased a stock that is expected to earn 21

Engineering

You recently purchased a stock that is expected to earn 21 percent in a booming economy, 16 percent in a normal economy, and lose 5 percent in a recessionary economy. There is a 20 percent probability of a boom, a 65 percent chance of a normal economy, and a 15 percent chance of a recession. What is your expected rate of return on this stock?

3.13 percent
6.92 percent
10.67 percent
12.33 percent
13.85 percent

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