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Freedman Flowers' stock has a 50% chance of producing a 31% return, a 30% chance of producing a 17% return, and a 20% chance of
Freedman Flowers' stock has a 50% chance of producing a 31% return, a 30% chance of producing a 17% return, and a 20% chance of producing a 40% return. What is the firm's expected rate of return?
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