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ABC Inc.'s stock has a 30% chance of producing a 20% return, a 40% chance of producing a 0% return, and a 30% chance of
ABC Inc.'s stock has a 30% chance of producing a 20% return, a 40% chance of
producing a 0% return, and a 30% chance of producing a -10% return.What is the firm's
expected rate of return?
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
