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Investment X has a 25% chance of producing a 22% return, a 50% chance of producing a 17% return, and a 25% chance of producing
Investment X has a 25% chance of producing a 22% return, a 50% chance of producing a 17% return, and a 25% chance of producing a return of -8%. What is X's expected return?
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10.15%
9.75%
9.33%
11.79%
12.00%
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