Carter Inc. is evaluating its stock returns. The following table documents probabilities and returns of its stock expected in the future. The stock's expected rate of return is? (Round to two decimal places)

Carter Inc. is evaluating its stock returns. The following table documents probabilities and returns of its stock expected in the future. The stock's expected rate of return is (Round to two decimal places) PROBABILITY RETURN 0.1 4% 0.5 7% 12% 0.3 0.1 15% 6.14% 11.88% 12.90% 9.00%