Consider the following information for Stock A:

$\backslash$table$[[$State of Economy,$\backslash$table$[[$Probability of State of$],[$Economy$]],\backslash$table$[[$Rate of Return if State$],[$Occurs$]]],[$Recession$,\mathrm{.}15,\mathrm{.}04],[$Normal$,\mathrm{.}61,\mathrm{.}07],[$Boom$,\mathrm{.}24,\mathrm{.}12]]$

Calculate the expected return for this stock. $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$ Do not include a percent sign with your answer.$)$

Numeric Response