You recently purchased a stock that is expected to earn... You recently purchased o stock that is expected to earn 14 percent in a booming economy, 9 percent in a normal economy and lose 3 percent recessionary economy. There is a 12 percent probability of a boom, a 76 percent chance of o normal economy. What is your expected rate of return on this stock? 8.16 8.88 3.00 7.16 8.40