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Acme Inc.'s stock has a 30% chance of producing a 30% return, a 40% chance of producing a 12% return, and a 30% chance of

Acme Inc.'s stock has a 30% chance of producing a 30% return, a 40% chance of producing a 12% return, and a 30% chance of producing a 10% return. What is the firm's expected rate of return?

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