An analyst estimates that a stock has the following probabilities of return depending on the state of the economy; State of economy Probability of Return (%) economic state Bull 0.3 64.0% Normal 0.5 27.2% Bear 0.2 -6.3% The T-Bill rate is currently 2.5%, and the expected rate of return of the JSE ALSI is 12.4%. Assuming that the CAPM holds, calculate the 3 of the stock