12 The sheme What is the expected premium on security given the following Worm state of the conORY probability ER) Boom .30 16% Normal 50 Recession 20 0120 -125 2.90 30 03:40 150 The risk-free rate is 3.0%. What is the expected risk premium on this security given the following information? State of the Economy Boom Normal Recession Probability 30 50 20 E(R) 16% 8% -12% Multiple Choice 2.90% 3.01% 3.40% 3.80% 4.15%