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ABC 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

ABC 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) 10.40%

b) 10.15%

c) 9.41%

d)9.90%

e) 9.65%

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