Q12

Dothan Inc.'s stock has a 25% chance of producing a 36% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return? ( a) 8.72% b) 10.92% O c) 11.34% O d) 10.50% O e) 8.61%