You recently purchased a stock that is expected to earn 30 percent in a booming economy, 9 percent in a normal economy, and lose 33 percent in a recessionary economy. There is a 5 percent probability of a boom and a 75 percent chance of a normal economy. What is your expected rate of return on this stock? a. -3.40 percent b. -2.25 percent c. 1.65 percent d. 2.60 percent e. 3.50 percent