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Freeport Companys stock has a 20% chance of producing a 30% return, a 60% chance of producing a 12% return, and a 20% chance of

Freeport Companys stock has a 20% chance of producing a 30% return, a 60% chance of producing a 12% return, and a 20% chance of producing a ?18% return. What is the firms expected rate of return?

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