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Yourecentlypurchasedastockthatisexpectedtoearn22percentinaboomingeconomy,9percentinanormaleconomy,andlose33percentinarecessionaryeconomy.Thereisa5percentprobabilityofaboomanda75percentchanceofanormaleconomy.Whatisyourexpectedrateofreturnonthisstock? Im confused because it does not give me a probability of a recession. All work shown would be great help

Yourecentlypurchasedastockthatisexpectedtoearn22percentinaboomingeconomy,9percentinanormaleconomy,andlose33percentinarecessionaryeconomy.Thereisa5percentprobabilityofaboomanda75percentchanceofanormaleconomy.Whatisyourexpectedrateofreturnonthisstock?

Im confused because it does not give me a probability of a recession. All work shown would be great help

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