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Bernard Companies stock has an expected return of 9.5 percent. The stock is expected to return 11 percent in a normai cconomy and 143 percent

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Bernard Companies stock has an expected return of 9.5 percent. The stock is expected to return 11 percent in a normai cconomy and 143 percent in a boom. The probabilities of a recession, normal economy, and a boom are 10 percent, 84 percent, and 6 percent, respectively. What is the expected return if the economy is in a recession? Multiple Choice 2.975 6.98% 10.98%

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