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Myra's stock has a 50% chance of producing a 21% return, a 30% chance of producing a 10% return, and a 20% chance of producing
Myra's stock has a 50% chance of producing a 21% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -28% return. What is the firm's expected rate of return? Select one a 8.37% b. 9.88% c. 7.82% d. 7.90%
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