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Dothan Inc.'s stock has a 25% chance of producing a 43% return, a 50% chance of producing a 12% return, and a 25% chance of
Dothan Inc.'s stock has a 25% chance of producing a 43% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return? Do not round your intermediate calculations.
| a. | 14.21% | |
| b. | 12.25% | |
| c. | 14.70% | |
| d. | 14.33% | |
| e. | 11.39% |
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