You recently purchased a stock that is expected to earn 29 percent in a booming economy, 18 percent in a normal economy and lose 5 percent in a recessionary economy. There is 26 percent probability of a boom, 66 percent chance of a normal economy, and 8 percent chance of a recession What is your expected rate of return on this stock? Multiple Choice 19.02 2 38% 14.00% 15.67% 9.51%