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

The common stock of CrisisGreat is expected to earn 16 percent in a recession, 6 percent in a normal economy, and lose 6 percent in a booming economy. The probability of a boom is 25 percent while the probability of a recession is 7 percent. What is the expected rate of return on this stock? Enter % to two decimal places.
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