Your cousin just graduated from college and purchased a stock that is expected to earn 36.5...

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Your cousin just graduated from college and purchased a stock that is expected to earn 36.5 percent in a booming economy, 9 percent in a normal economy, and lose 23 percent in a recessionary economy. There is a 13% probability of a boom and a 62% chance of a normal economy. What is your cousin's expected rate of return on this stock? Input answer .xxxx or xx.xx% 4.77 Your cousin just graduated from college and purchased a stock that is expected to earn 36.5 percent in a booming economy, 9 percent in a normal economy, and lose 23 percent in a recessionary economy. There is a 13% probability of a boom and a 62% chance of a normal economy. What is your cousin's expected rate of return on this stock? Input answer .xxxx or xx.xx% 4.77