Please show a detailed process. Thank you!

51. Given the information in the following table, what is the expected return of the security? State of the Economy Probability of Occurrence Expected Return High Growth 10% 35% Moderate Growth 25% 20% No Growth 50% 10% Recession 15% -15% a) 11.25% b) 25.00% c) 10.00% d) 12.50%