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EXPECTED RETURN A stock's returns have the following distribution: Demand for the Company's Products Probability of This Demand Occurring Rate of Return If This Demand
EXPECTED RETURN A stock's returns have the following distribution: Demand for the Company's Products Probability of This Demand Occurring Rate of Return If This Demand Occurs Weak 0.2 (44%) Below average 0.2 (5) Average 0.3 17 Above average 0.1 22 Strong 0.2 48 Calculate the stock's expected return. Round your answer to two decimal places.
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