Question: Hello, Can I have the answer from this question, please? You recently purchased a stock that is expected to earn 16 percent in a booming

Hello,

Can I have the answer from this question, please? You recently purchased a stock that is expected to earn 16 percent in a booming economy, 12 percent in a normal economy, andlose8 percent in a recessionary economy. There is a 20 percent probability of a boom, a 70 percent chance of a normal economy, and a 10 percent chance of a recession. What is your expected rate of return on this stock?

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