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Tom Johnson recently Bought Robinhood stock and it is expected to earn 16 percent in a booming economy, 11 percent in a normal economy, and

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Tom Johnson recently Bought Robinhood stock and it is expected to earn 16 percent in a booming economy, 11 percent in a normal economy, and lose 2 percent in a recessionary economy. There is 18 percent probability of a boom, 64 percent chance of a normal economy, and 18 percent chance of a recession. What is your expected rate of return on this stock? 9.56% 4.00% 9.00% 4.78% 8.33%

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