There is 10 percent probability of recession, 15 percent probability of a poor economy, 45 percent probability of a normal economy, and 30 percent probability of a boom. A stock has returns of 19.2 percent, 2.8 percent, 10.6 percent and 26.3 percent in these states of the economy, respectively. What is the stock's expected return?

15.00%

10.23%

11.16%

13.08%

5.13%