The returns on the common stock of New Image Products are quite cyclical. In a boom economy, the stock is expected to return 40 percent in comparison to 10 percent in a normal economy and a negative 30 percent in a recessionary period. The probability of a recession is 30 percent while the probability of a boom is 50 percent. What is the expected return on this stock?

Group of answer choices

5%

11%

13%

7%

9%