The common stock of Manchester & Moore is expected to earn 14.2 percent in a recession, 8 percent in a normal economy, and lose 5.2 percent in a booming economy. The probability of a boom is 15 percent while the probability of a recession is 6 percent. What is the expected rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)