You recently purchased a stock that is expected to earn 30 percent in a booming economy, 15 percent in a normal economy, and lose 10 percent in a recessionary economy. There is a 5 percent probability of a boom and a 65 percent chance of a normal economy. What is your expected rate of return on this stock? (hint: be sure to identify probabilities of each economic state) 3 Binding Corp. has 6.50 percent coupon bonds outstanding that mature in 10 years. The bonds pay interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 6.50 percent? Multiple Choice $1,101.04 O $1,000.00 $1211.42 $1,237.76