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10. Hazard Inc.'s stock has a 50% chance of producing a 25% return , a 30% chance of producing a 10% return, and a 20

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10. Hazard Inc.'s stock has a 50% chance of producing a 25% return , a 30% chance of producing a 10% return, and a 20 % chance of producing a -28 % return . What is the firm's expected rate of return? a) 10.15% b) 9.90% c) 9.41 % d) 9.65% e) 10.40%

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