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The common stock of CrisisGreat is expected to earn 17 percent in a recession, 6...

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Finance

The common stock of CrisisGreat is expected to earn 17 percent in a recession, 6 percent in a normal economy, and lose 9 percent in a booming economy. The probability of a boom is 24 percent while the probability of a recession is 10 percent. What is the expected rate of return on this stock? ____ %

Instruction: Enter your response as a percentage with two decimal places.

For example, if your answer is 0.1213=12.13%, please only enter "12.13", please do not enter "0.1213" or "12.13%", the system may not recognize the % sign. You may put negative signs if necessary.

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