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Freedman Flowers' stock has a 50% chance of producing a 35% return, a 30% chance of producing a 23% return, and a 20% chance of

Freedman Flowers' stock has a 50% chance of producing a 35% return, a 30% chance of producing a 23% return, and a 20% chance of producing a -38% return. What is the firm's expected rate of return?

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