You recently purchased a stock that is expected to earn 11 percent in a booming economy, 7 percent in a normal economy and lose 5 percent in a recessionary economy. There is a 16 percent probability of a boom, a 75 percent chance of a normal economy. What is your expected rate of return on this stock? (FORMAT TO 4 DECIMALS) 7.46 6.85 6.56 5.00 5.66