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Quantitative Problem: You are given the following probability distribution for CHC Enterprises: State of Economy Probability. Rate of return 0.2 22% Strong Normal 0.5 9%

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Quantitative Problem: You are given the following probability distribution for CHC Enterprises: State of Economy Probability. Rate of return 0.2 22% Strong Normal 0.5 9% Weak 0.3 -4% What is the stock's expected return? Round your answer to 2 decimal places. Do not round intermediate calculations. %

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