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Four analysts cover the stock of Flourine Chemical. One forecases a 6% return for the coming year. A second expects the return to be 4%.
Four analysts cover the stock of Flourine Chemical. One forecases a 6% return for the coming year. A second expects the return to be 4%. A third predicts a return of 8%. A fourth expects a 2% return in the coming year. You are relatively confident that the return will be positive but not large, so you arbitrarily assign probabilities of being correct of 34%, 8%, 16%, and 42%, respectively, to the analysts' forecasts.Given these probabilities, what is Fluorine Chemical's expected return for the coming year (round to two decimal places).
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