You recently purchased a stock that is expected to earn 30 percent in a booming economy, 15 percent in a normal economy, and lose 10 percent in a recessionary economy. There is a 4 percent probability of a boom and a 70 percent chance of a normal economy. What is your expected rate of return on this stock? (Hint: First find the probability of a recessionary economy.) Multiple Choice -3.40 percent 7.82 perce 6.83 percent 8.65 percent 910 percent