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Dothan Inc.'s stock has a 25% chance of producing a 35% 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 35% 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 or return? a. 11.99% b. 10.25% c. 9.64% d. 8.71% e. 11.89%
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