An analyst estimates that a stock has the following probabilities of return depending on the state of the economy;

State of economy	Probability of economic state	Return (%)
Bull	0.3	71.7%
Normal	0.5	28.1%
Bear	0.2	4.9%

The T-Bill rate is currently 3.5%, and the expected rate of return of the JSE ALSI is 18.9%. Assuming that the CAPM holds, calculate the of the stock.