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Kurts Toy Co. has the following probability and potential annual returns; 40 percent chance of 5 percent return, 20 percent chance of 10 percent return,
Kurts Toy Co. has the following probability and potential annual returns; 40 percent chance of 5 percent return, 20 percent chance of 10 percent return, and 40 percent chance of 15 percent return. Find the expected return?
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