You recently purchased a stock that is expected to earn 13 percent in a booming economy, 8 percent in a normal economy, and lose 5 percent in a recessionary economy. There is a 14 percent probability of a boom, a 76 percent chance of a normal economy, and a 10 percent chance of a recession. What is your expected rate of return on this stock? 6.25 percent 3.70 percent 7.40 percent 7.00 percent 5.33 percent