Monica recently purchased a stock that is expected to earn 11 percent in a booming economy, 8 percent in a normal economy and lose 3 percent in a recessionary economy. Monica believes that there is a 15 percent probability of a boom and a 75 percent chance of a normal economy. Calculate Monica's expected return on this stock. arded Multiple Choice d 7.50 7.35 7.95 6.27 3.00