Question: What is the expected return on a stock if the firm will earn 24% during a period of economic boom, 14% during normal economic periods,

What is the expected return on a stock if the firm will earn 24% during a period of economic boom, 14% during normal economic periods, and 2% during a period of recession, if the probabilities of these economic environments are 20%, 65%, and 15%, respectively?

My answer was 14.2% but when I submitted that answer it was marked as incorrect. What am I missing? Thank you.

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