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Four analysts cover the stock of Fluorine Chemical. One forecasts a 6 6 % return for the coming year. A second expects the return to

Four analysts cover the stock of Fluorine Chemical. One forecasts a 6

6% return for the coming year. A second expects the return to be negative 6

6%. A third predicts a return of 9

9%. A fourth expects a 3

3% return in the coming year. You are relatively confident that the return will be positive but notlarge, so you arbitrarily assign probabilities of being correct of 28 % comma

28%, 6 %

6%, 17 %

17%, and 49

49%, respectively, to theanalysts' forecasts. Given theseprobabilities, what is FluorineChemical's expected return for the comingyear?

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