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ABC Inc. ' s stock has a 5 0 % chance of producing a 3 6 % return, a 3 0 % chance of producing

ABC Inc.

'

s stock has a

50 %

chance of producing a

36 %

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 in percentage?

Do not round your intermediate calculations. Answer just the number without the

%

sign. Round to two decimal places.

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