The common stock of Manchester & Moore is expected to earn 6 percent in a recession, 17 percent in a normal economy, and 28 percent in a booming economy. The probability of a boom is 0.20 while the probability of a recession is 0.15. What is the expected rate of return on this stock?

Group of answer choices

17.55 percent

11.24 percent

13.73 percent

24.92 percent

20.71 percent