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35. Taggart Inc.'s stock has a 50% chance of producing a 40% return, a 30% chance of producing an 11% return, and a 20% chance

35. Taggart Inc.'s stock has a 50% chance of producing a 40% return, a 30% chance of producing an 11% return, and a 20% chance of producing a -27% return. What is the firm's expected rate of return? Do not round your intermediate calculations.

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