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Question 7 1 Point An oil exploration firm is currently searching for oil. Their probability of finding oil this year is 55% and if they

Question 7

1 Point

An oil exploration firm is currently searching for oil. Their probability of finding oil this year is 55% and if they hit oil we expect the stock to return 65%. If they do not hit oil we expect the stock to return -11%. What is the expected return of the stock?

Give your answer to two decimal places (9.99%)

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