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A stock is expected to return 2 2 % in a normal economy, return 3 0 % if the economy booms, and lose 1 9

A stock is expected to return 22% in a normal economy, return 30% if the economy booms, and lose 19% if the economy moves into a recessionary period. Economists predict a 65% chance of a normal economy, a 25% chance of a boom, and a 10% chance of a recession. What is the expected return on the stock?
Multiple Choice
20.03%
20.78%
20.86%
19.90%
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