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An oil exploration firm is currently searching for oil. Their probability of finding oil this year is 6 2 % and if they hit oil

An oil exploration firm is currently searching for oil. Their probability of finding oil this year is 62% and if they hit oil we expect the stock to return 56%. If they do not hit oil we expect the stock to return -8%. What is the expected return of the stock?
Give your answer to two decimal places (9.99%)
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