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Josh has invested in a stock that has a 5% chance of producing a +12% return, a 20% chance of producing a +30% return, a

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Josh has invested in a stock that has a 5% chance of producing a +12% return, a 20% chance of producing a +30% return, a 25% chance of producing a -8% return, and a 50% chance of producing a +10% return. Determine Josh's expected rate of return on this investment. 7.1% 5.4% 6.7% 9.6%

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