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Bloome Co.'s stock has a 25% chance of producing a 24% return, a 50% chance of producing a 9% return, and a 25% chance of
Bloome Co.'s stock has a 25% chance of producing a 24% return, a 50% chance of producing a 9% return, and a 25% chance of producing a 12% return. What is the firm's expected rate of return (in percent)?
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