Given these states of the economy and the stock returns in each state, what is the expected return for this stock? Enter your answer as a percent rounded to two decimal places (for example, if your answer is 10.254%, enter 10.25).

State of Economy. Probability of state of economy Security return if state occurs

Recession 0.35 -5.50%

Normal 0.20 12.00%

Boom 0.45 19.00%