QUESTION 25 After some study of the economy, your forecast for next year is that a boom economy has a 30% chance of occurring, a neutral economy 50%, and a bust economy a 20% chance of occurring. You also estimate that a certain stock would have a return of 32% in a boom economy next year, 18% in a neutral economy , and -14% in a bust economy. The risk-free rate is 4.7%. What is the expected return for this stock next year? (Answer to the nearest tenth of a percent, but do not use a percent sign). Probability Return Boom Economy 30% 32% Neutral Economy 50% 18% Bust Economy 20% -14% Risk-Free Rate = 4.7%