You recently purchased a stock that is expected to earn 21 percent in a booming economy, 16 percent in a normal economy, and lose 5 percent in a recessionary economy. There is 20 percent probability of a boom, 65 percent chance of a normal economy, and 15 percent chance of a recession. What is your expected rate of return on this stock? Multiple Choice 6.92% 3.13% 13,85% 12.33% 888 a 3 4 5 6 7 8 9