Q7

Taggart Inc.'s stock has a 50% chance of producing a 49% 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? ( a) 20.81% ( b) 21.90% O c) 21.02% O d) 17.74% O e) 20.59%