32) You recently purchased a stock that is expected to earn 19 percent in a booming economy, 12 percent in a normal economy, and lose 8 percent in a recessionary economy. The probability of a boom economy is 16 percent while the probability of a normal economy is 78 percent. What is your expected rate of return on this stock? A) 12.40 percent B) 10.25 percent C) 11.92 percent D) 12.54 percent E) 13.50 percent