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1. You paid $25 for a share of Excel stock that has 45% chance of being $15 and 55% chance of being $40 per share

1. You paid $25 for a share of Excel stock that has 45% chance of being $15 and 55% chance of being $40 per share one year later. What is the expected rate of return on the stock?

If you could please show the work I would appreciate it!

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