ok = ces You recently purchased a stock that is expected to earn 15 percent in a booming economy, 10 percent in a normal economy, and lose 3 percent in a recessionary economy. There is 18 percent probability of a boom, 62 percent chance of a normal economy, and 20 percent chance of a recession. What is your expected rate of return on this stock? Multiple Choice 4.55% 8.30% 7.33% $

You recently purchased a stock that is expected to earn 15 percent in a booming economy, 10 percent in a normal economy, and lose 3 percent in a recessionary economy. There is 18 percent probability of a boom, 62 percent chance of a normal economy, and 20 percent chance of a recession. What is your expected rate of return on this stock? Multiale Choice 4.55% 830% 733x 4.55% 8.30% 7.33% 4.15% 8.33%