Question: A stock is expected to return 8% in a normal economy, 11% if the economy booms, and lose 8% if the economy moves into a

A stock is expected to return 8% in a normal economy, 11% if the economy booms, and lose 8% if the economy moves into a recessionary period. Economists predict a 61% chance of a normal economy, a 14% chance of a boom, and a 25% chance of a recession. The expected return on the stock is how many %. (Please leave 4 decimal places)

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