A stock is expected to earn 19% in a booming economy, 12% in an average economy, and lose 8% in a weakening economy. The probability of a boom occurring is 16% while the probability of an average economy is 78%. What is your expected rate of return on this stock? (Do not include the % symbol in your answer; Format: whole numbers with 2 decimal places; e.g. 4.54 for a result of 4.54%)

A stock is expected to earn 19% in a booming economy, 12% in an average economy, and lose 8% in a weakening economy. The probability of a boom occurring is 16% while the probability of an average economy is 78%. What is your expected rate of return on this stock? (Do not include the % symbol in your answer; Format: whole numbers with 2 decimal places; e.g. 4.54 for a result of 4.54% )