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Quantitative Problem: You are given the following probability distribution for CHC Enterprises: State of Economy Probability Rate of return Strong 0 . 1 5 2

Quantitative Problem: You are given the following probability distribution for CHC Enterprises:
State of Economy Probability Rate of return
Strong 0.1520%
Normal 0.458%
Weak 0.40-4%
What is the stock's expected return? Do not round intermediate calculations. Round your answer to two decimal places.

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