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BearKat Inc.'s stock has a 50% chance of producing a 16% return, a 30% chance of producing a -7% return, and a 20% chance of
BearKat Inc.'s stock has a 50% chance of producing a 16% return, a 30% chance of producing a -7% return, and a 20% chance of producing a 8% return. What is the firm's expected rate of return? Enter the value as a decimal with 4 places of precision
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