You are considering to invest in the following stock: it is expected to earn 17% in a booming economy, 10% in a normal economy and -7% in a recession. The probability of a boom is 22%, the probability of a normal economy is 71%, and probability of a recession is 7%. What is the expected rate of return on this stock?

(Format your answer to percent and round answers to two decimals without %, for example, for answer 0.43%, enter 0.43 only)