You have been asked to calculate the expected return on Stock A. There are 5 possible states of the world. The probability of the very good state occurring is 15%. The probability of the good state occurring is 20%. The probability of the so-so state occurring is 30%. The probability of the bad state occurring is 20% and the probability of the very bad state occurring is 15%. The return on the stock in the very good state is 44.70%. The return on the stock in the good state is 26.80%. The return on the stock in so-so state is 12.05%. The return on the stock in bad state is 6.45% and the return on the stock in the very bad state is 19.85%. What is the expected return on the stock? Your answer should be shown as a percentage and it should be accurate to two decimal places