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Gustav's stock has a 3 0 % chance of producing a 1 5 % return, a 5 0 % chance of producing a 7 %

Gustav's stock has a 30% chance of producing a 15% return, a 50% chance of producing a 7% return, and a 20% chance of producing a -6% return. What is the firm's expected rate of return? Do not round your intermediate calculations.

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