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The common stock of Taylor & Smith is expected to earn 23.0 in a booming economy, 13.0 in a normal economy, and -15. 0% in

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The common stock of Taylor \\& Smith is expected to earn \23.0 in a booming economy, \13.0 in a normal economy, and -15. 0\\% in a recession. The probability of a boom is \17 while the probability of a normal economy is \72 and the chance of a recession is \15. What is the expected rate of return an this stock? Multiple Choice \1162 \\( 883 x \\) \999 \1604

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