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Fair Inc. is evaluating a project. If the market is good (the probability is 0.3), the return from the project will be 25%; if the
Fair Inc. is evaluating a project. If the market is good (the probability is 0.3), the return from the project will be 25%; if the market is normal (the probability is 0.5), the return from it will be 15%; if the market is bad, the return from it will be only 5%. Please find the expected return of this project.
Group of answer choices
15%
14%
16%
17%
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