1 Point Question 7 12.1 The common stock of Manchester & Moore is expected to earn 10 percent in a boom economy, 5 percent in a normal economy, and lose 10 percent in a recession. The probability of a recession is 30 percent while the probability of a boom economy is 45 percent. What is the expected rate of return on this stock? Hint: First find the probability of normal economy. Only Enter the Final Answer in Decimals. Pick one 0.0275 -0.0275 0.2145 0.4455 Add your