Question
2. Analysts predict that over the next year, Thete, Inc.s common stock has a 30% chance of returning 20%, a 40% chance of returning 12%,
2. Analysts predict that over the next year, Thete, Inc.s common stock has a 30% chance of returning 20%, a 40% chance of returning 12%, and a 30% chance of returning 8%. What is the expected rate of return on Thete, Inc.s common stock? Submit your answer as a percentage and round to two decimal places.
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
