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Menger Corporation has a 0.5 probability of a return of 0.68, a 0.2 probability of a rate of return of 0.07, and the remaining probability

Menger Corporation has a 0.5 probability of a return of 0.68, a 0.2 probability of a rate of return of 0.07, and the remaining probability of a 0.70 rate of return. What is the expected rate of return of Menger Corporation?

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