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Another consulting company used by Target has just provided you with a different forecast distribution. The consultants predict a 25% chance of the project producing
Another consulting company used by Target has just provided you with a different forecast distribution. The consultants predict a 25% chance of the project producing a 37% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the expected rate of return of the project given these new numbers? a. 10.64% b. 11.93% c. 10.75% d. 9.25%
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