You recently purchased a stock that is expected to earn 19 percent in a booming economy, 12 percent in a normal economy, and lose 18 percent in a recessionary economy. The probability of a boom economy is 16 percent while the probability of a normal economy is 78 percent. What is your expected rate of return on this stock?

Group of answer choices

10.85 percent

12.54 percent

11.92 percent

11.32 percent

12.04 percent

Enable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable in this text fieldRephraseRephrase current sentence1Edit in Ginger