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The common stock of CrisisGreat is expected to earn 1 7 percent in a recession, 6 percent in a normal economy, and lose 9 percent

The common stock of CrisisGreat is expected to earn 17 percent in a recession, 6 percent in a normal economy, and lose 9 percent in a booming economy. The probability of a boom is 24 percent while the probability of a recession is 10 percent. What is the expected rate of return on this stock? ____%

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