The rate of return for a stock is 17% the state of the economy is recession 16% if the state of the economy is normal and 24% the state of the economy is expansion. The probability for each state of the economy is 35% 50% and 15%, respectively. What is the expected return for this stock? Do not found intermediate calculations. Round the final answer to 2 decimal places. Omit the sign in your response. For example, an answer of 15 39% should be entered as 15.39