Question 17 6.5 pts Mike recently purchased a stock that is expected to earn 20 percent in a booming economy, 5 percent in a normal economy, and lose 35 percent in a recessionary economy. There is a 3 percent probability of a boom and a 77 percent chance of a normal economy. What is his expected rate of return on this stock? -2.55 percent -3.40 percent 2.60 percent 1.65 percent 3.50 percent