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Kent Inc. stock could experience the following percentage returns: 25% with probability 0.2 , 13% with probability 0.3, and -14% with probability 0.5. What is
Kent Inc. stock could experience the following percentage returns: 25% with probability 0.2 , 13% with probability 0.3, and -14% with probability 0.5. What is the expected rate of retun for Kent over this period? Answer as a percent to two-place accuracy; For a two-place accuracy in percent, you need four-place accuracy as a rate of return!
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