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Problem 1-06 You are considering acquiring shares of common stock in the Madison Beer Corporation. Your rate of return expectations are as follows: MADISON BEER

Problem 1-06

You are considering acquiring shares of common stock in the Madison Beer Corporation. Your rate of return expectations are as follows: MADISON BEER CORP.Possible Rate of ReturnProbability-0.200.400.100.100.400.200.550.30 Compute the expected return [E(Ri)] on your investment in Madison Beer. Round your answer to one decimal place. %

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