10 The rate of return for a stock is 3% if the state of the economy is recession, 8% if the state of the economy is normal, and 12% if the state of the economy is expansion. The probability for each state of the economy is 25%, 45%, and 30%, respectively. What is the expected return for this stock? 3 points 8 Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39. 01:16:55 Numeric Response